Corporate owners hide assets, identities. States in "race to the bottom"

Roughly four miles from the famed Las Vegas casino strip, ABC Equity’s corporate office is registered in a modest business suite located off West Sahara Avenue.

Great Fortune 600 is registered in the same suite. So are DK Financial, Hill 99, Stock Savant, ZZYZX Holdings — and more than 1,000 other corporations.

They share something in common besides their business address. Each lists the same man as its sole corporate officer in Nevada incorporation records. He is William Reed, a businessman with a suspended law license and the target of a Federal Trade Commission lawsuit that alleges he and a convicted felon teamed in a business that promoted forming Nevada corporations to shield assets "from ‘capricious federal judges and any government agency.’ "

By Kevin McCoy, USA TODAY

Full Story: http://www.usatoday.com/money/companies/regulation/2007-02-23-tax-havens-usat_x.htm

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David E. Lipson, owner of Paws Up Resort in Montana is a merchant banker with more than 20 companies registered to one address in Las Vegas. http://missoulian.com/articles/2005/07/28/news/top/news01.txt