‘This is her opportunity’: governor Kathy Hochul could forever unmask New York’s financial criminals
by Rebecca Burns on (#6FS0R)
A first-in-the-nation transparency act on Hochul's desk would name those involved in financial crimes and potential money launderingA corporate lobbying group backed by Koch Industries is quietly pressing the Democratic New York governor, Kathy Hochul, not to sign a landmark transparency bill unmasking the owners of shell corporations involved in financial crimes, wage theft and tenant abuses.High-profile real estate donors to Hochul's campaign also oppose new disclosure requirements for limited liability companies, or LLCs, a notoriously opaque corporate structure that can thwart attempts at both civil and criminal law enforcement by concealing owners' true identities. Continue reading...