Baughman quoted in Miami Herald on shell companies

Shima_Baradaran_knzv2lShima Baradaran Baughman, Associate Professor of Law at the University S.J. Quinney College of Law was quoted in the Miami Herald in an article titled “Venezuelan convict at center of ‘suitcase scandal’ didn’t raise flags for Panama Papers firm.” Baughman stated,

Because of the lack of regulation, there are jurisdictions and companies that will set up offshore entities without any identifying information… It doesn’t surprise me at all that someone sitting in federal prison could acquire a shell company. … It’s easier to get a shell company than to get a library card.

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