shell companies News

New Jersey Siblings Convicted in Multi-Million Dollar Invoice Scheme

Two New Jersey siblings have been convicted of running a multi-million-dollar invoice scheme that defrauded a company where one of them worked. Shevandra Verasawmi, of Matawan, N.J., and Vishallie Verasawmi, of Green Brook, N.J., were each convicted Thursday on one …

Clear Blue, New U.S. Commercial Insurance Fronting Operation, Opens for Business

A newly-formed commercial insurance fronting provider, Clear Blue Financial Holdings LLC, said it has officially launched with two fully-licensed fronting carriers and will begin servicing clients immediately. To launch its fronting operation, Puerto Rico-based Clear Blue Financial Holdings last month …

U.S. SEC Charges N.J.-based Consultant with Fraud in Chinese Reverse Mergers

U.S. securities regulators charged a New Jersey-based consultant on Tuesday with defrauding investors in the China-based companies he helped make public through a backdoor method known as a “reverse merger.” The Securities and Exchange Commission charges against Huakang “David” Zhou …