It happens semi-regularly.
Unfortunately it doesn’t turn out like you’d think.
The company immediately bankrupts itself, but all of its assets and funds are protected by S-Corp and LLC chicanery; so they end up paying less than they would have if they stayed afloat and got fined, and now they’ve got a “new” company with the same people doing the same thing that’s protected from lawsuits.
Because that’s how we designed the system.
And by we, I mean the oligarchs that keep us fighting among ourselves instead of at them.
It happens semi-regularly. Unfortunately it doesn’t turn out like you’d think.
The company immediately bankrupts itself, but all of its assets and funds are protected by S-Corp and LLC chicanery; so they end up paying less than they would have if they stayed afloat and got fined, and now they’ve got a “new” company with the same people doing the same thing that’s protected from lawsuits.
Because that’s how we designed the system.
And by we, I mean the oligarchs that keep us fighting among ourselves instead of at them.