Wyoming is being scrutinized for its status as a corporate haven, with the International Consortium of Investigative Journalists revealing that many companies, like Alo Group, may have defrauded the Paycheck Protection Program, receiving large loans with dubious legitimacy. The firm, which claimed to support U.S. employees, utilized a disposable email linked to scammers and quickly changed its address to China before disappearing. This highlights a growing concern regarding corporate unaccountability and the potential misappropriation of pandemic relief funds in the state.
The ICIJ reports that Wyoming has become an offshore corporate haven, raising concerns over missing Paycheck Protection Program funds in a web of corporate deception.
The Alo Group received $531,562 under the PPP, but its legitimacy is questionable as it provided a disposable email linked to scammers and later dissolved.
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