Reply to post: Re: You'd have thought..

Backpage.com cops to human trafficking, money laundering

Anonymice

Re: You'd have thought..

On paper, Backpage was owned by a German shell company, which in turn was owned by 4-5 layers of US shell companies. It was apparently a poorly executed attempt at masking the true ownership, which was the obvious aim, as it provided no tax or other financial benefits. He still ran the day-to-day operations of the company from within its HQ of ~120 staff

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon