A friend wants to open a business in my name. I don’t have to do any of the work, but he just uses my identity on all the paperwork. He and his millionaire friends all do this all the time, and now he wants me to become one of his puppets. Is this actually legal? What kinds of liabilities would I be opening myself up to by agreeing?
Throwaway account, I’m terrified for him to know
loan sharks and money laundering enterprise does this in Asia. We call these ppl “dua bei gong”, which is a diety that protects business. aka the fall guy. And most are paid ALOT.
You might as well sign over your bank accounts and passport while you are at it.
This is exactly where he wants to do it is in Asia
yeah then u have your answer on what exactly he wants to do it for.