There is currently a huge trucking/ logistics company trying to buy up thousands of acres in my rural county. There is massive protest against it due to the inevitable increase in semi-truck traffic on local roads.
The logistics company uses “dummy” corporations to buy the land so locals don’t actually know they own it/ how much they have already accumulated. They’ll also transfer the deeds to other “dummy” corporations. Some of the LLCs have pretty funny names. Many are registered in a different state.
Paliag t1_jeb6qny wrote
Reply to TIL that Walt Disney World began as "The Florida Project". Dummy corporations were used, by Walt Disney Productions, to buy up 27,000 acres of land to avoid bursts of land speculation in the Orlando area. Early rumors assumed possible development by NASA, Ford, the Rockefellers, and Howard Hughes. by jdward01
There is currently a huge trucking/ logistics company trying to buy up thousands of acres in my rural county. There is massive protest against it due to the inevitable increase in semi-truck traffic on local roads.
The logistics company uses “dummy” corporations to buy the land so locals don’t actually know they own it/ how much they have already accumulated. They’ll also transfer the deeds to other “dummy” corporations. Some of the LLCs have pretty funny names. Many are registered in a different state.
This is totally legal and sneaky.