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Date: April 30, 2024 Tue
Time: 1:18 am
Time: 1:18 am
Results for drug addition
1 results foundAuthor: Proctor, Nathan Title: Anonymity Overdose: Ten cases that connect opioid trafficking and related money laundering to anonymous shell companies Summary: Opioid deaths now exceed those from motor vehicle accidents. It's clear we need to do more. Fair Share Education Fund's latest report, "Anonymity Overdose," connects opioid trafficking and the subsequent crisis with the activities of anonymous shell companies - companies formed with no way of knowing who is actually in charge. Because they shield the owners from accountability, anonymous shell companies are a common tool for disguising criminal activity and laundering money, and are also at heart of the Panama Papers. "Anonymity Overdose" found 10 case studies that show the connection between the use of anonymous shell companies and opioid trafficking and related money laundering. In one such example, Kingsley Iyare Osemwengie and his associates were found to use call girls and couriers to transport oxycodone, and then move profits through an anonymous shell company aptly named High Profit Investments LLC. Meanwhile, the crisis is taking an increasing toll on the nation. According to the Centers for Disease Control (CDC) , in 2014 there were approximately one and a half times more drug overdose deaths in the United States than deaths from motor vehicle crashes. Since 2000, the rate of deaths from opioid related overdoses has increased 200%. The CDC refers to the opioid crisis as an epidemic. The report uses perspectives provided by law enforcement officials as well as federal court cases to highlight the role that ending anonymous shell companies could play in addressing the crisis. Details: Washington, DC: Fair Share, 2016. 20p. Source: Internet Resource: Accessed August 6, 2016 at: http://www.fairshareonline.org/sites/default/files/AnonymityOverdose_Aug1_2016.pdf Year: 2016 Country: United States URL: http://www.fairshareonline.org/sites/default/files/AnonymityOverdose_Aug1_2016.pdf Shelf Number: 139975 Keywords: Drug AdditionDrug CartelsDrug TraffickingMoney Laundering |