Why are there so many anonymous corporations in Delaware?

From the Federal Election Commission’s suggestion that it might finally begin scrutinizing donations to super PACs from mystery limited liability corporations (LLCs) to the revelations in the Panama Papers, LLCs are very in right now.

The leak of the Panama Papers reportedly shows the use of offshore shell companies to hide cash by many high-profile foreign figures, from highly-paid soccer star Lionel Messi to the prime minister of Iceland, but the lack of Americans implicated in the investigations has raised eyebrows in the international community.

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Delaware’s ‘troubling’ lack of oversight of police’s secret cash

A secret stash of money – seized from citizens and then used to fund Delaware police agencies' wish lists – is lacking not only public review, but also state oversight that's required under the law.

A News Journal investigation in November found that state law shields police and prosecutors from having to tell taxpayers how they spend money from the state's Special Law Enforcement Assistance Fund, comprised of money and property seized from citizens suspected but not necessarily charged with a crime.

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Delaware lawmakers spar over charter school audit bills

Two Delaware lawmakers have proposed dueling bills over how charter schools are audited after a string of high-profile incidents in which charter leaders were caught misusing taxpayer funds.

State Rep. Kim Williams, D-Newport, wants the state auditor to select and oversee the firms that do the annual financial reports of charter schools. Currently, charter school boards work out those contracts themselves.

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Editorial: Do Delaware’s secrets pose a security risk?

The legal structure of a Delaware Limited Liability Company (LLC) grants secrecy to its members, investors, and sources of financing when conducting business.

Because of this lack of transparency is it possible that unknown business interests, and even foreign governments, could invest, own, and gain access to our nation’s vulnerable infrastructure? Continue…
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Lawmakers want Delaware school board meetings recorded

Every Delaware school board will be required to record audio of meetings and post it online if the General Assembly passes a bill being considered in Dover.

Lawmakers who support the legislation and open-government advocates say recorded meetings are a way for citizens to better keep tabs on the actions of elected officials and stay updated on issues facing schools.

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