Moody’s Analytics has found 21 million “red flags” associated with shell companies that could be used to enable financial crimes, from ancient directors to dubious addresses.
For instance, more than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122, said Richard Graham, a director at Moody’s Analytics, in research published Monday. One listed director — at 942 years old — would have been born in the 11th century.
So do these shell companies get investigated once they see an anomaly? Or is it a case of “whoops we forgot to update our current CEO. Thanks for the reminder.”
A small fine and a finger wag will be the result of extensive investigation into these errors.
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what are the chances that it’s the default MS Excel date of 01/01/1900 in most cases?
the 942 year old guy could be a mangled date format? maybe someone whose date was to have been recorded as October 1981 and the 10 and 81 got stored as the year?
yeah I’d rule out MS Excel date errors before really buying the conclusions in thia article.
Though that wouldn’t explain the other odd things mentioned like the thousands of companies listing their address as the Egyptian pyramids, 1 guy holding thousands of roles at thousands of companies, companies listing only 1 employee that have billions in revenue, etc
Or maybe just sloppy vampires?
Hanlon’s razor tells us we should just assume stupid vampires :D
