Christina to Carney: Give us until 2019 to consolidate Wilmington schools

The News Journal | by Jessica Bies The Christina School Board wants until 2019 to consolidate five Wilmington schools into two, it told Gov. John Carney Tuesday night. In the form of a 5-2 vote, board members pushed back on a 2018 deadline for shifting students from Pulaski, Stubbs and Elbert-Palmer elementary schools to Bancroft Elementary and Bayard Middle School. Board President George Evans and Vice President Fred Polaski cast the dissenting votes, voicing concern over delaying the process and potentially losing the governor’s support. “My concern is if we […]

Delaware sets new guidelines for corporations and LLCs

WHYY | by Shirley Min Delaware is one of the easiest states to set up a company, and frequently draws criticism that the lax licensing laws enable terrorism, drug trafficking and money laundering. However, state leaders are now calling for regular checks of the state’s 1.3 million business entities, which includes 800,000 limited liability companies, 400,000 corporations, and a small percentage of other entity types against the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). The new guidelines will require all registering agents, who set up the businesses in […]

Drug trafficker? Terrorist? No secret business for you in Delaware

The News Journal | by Margie Fishman In a rare move to rein in secretive limited liability companies, Delaware’s secretary of state has tweaked a policy that would require the state’s 1.3 million business entities to be regularly screened against a federal database of terrorists, international drug traffickers and more. But some open government advocates and watchdog groups say the change doesn’t go far enough to protect Delaware and the rest of the country from tax dodgers, embezzlers, arms dealers and other criminals. Last month, Delaware State Department leaders said […]

Rep. Kowalko renews call for more LLC oversight

Delaware Public Media | by Sarah Mueller State Rep. John Kowalko (D-Newark South) is renewing his call for greater oversight of limited liability corporations registered in Delaware. An indictment against President Donald Trump’s former campaign officials has sparked new questions about LLCs. Former Trump campaign manager Paul Manafort and his associate Rick Gates face multiple charges. They include money laundering, tax fraud and conspiracy. Of the 23 LLCs Manafort used, nine were registered in Delaware. Kowalko’s proposal would block applicants who are identified on a federal watch list as a […]

Delaware Businesses Caught Up in Mueller Indictments

Delaware Public Radio | by Don Rush Delaware businesses have become embroiled in the emerging scandal from the indictments of former Trump campaign chairman Paul Manafort and former campaign official Rick Gates. The Wilmington News Journal reports that nine Delaware corporations and limited liability companies were allegedly involved in shielding millions of dollars in payments from the Ukraine. That’s according to federal grand jury indictment unveiled this week. The paper reports that open government advocates like State Rep. John Kowalko have renewed their demand for a more rigorous review of […]

Mueller: Manafort, Gates laundered Ukrainian money through 9 Delaware LLCs and corporations

The News Journal | by Margie Fishman Nine Delaware corporations and limited liability companies helped former Trump campaign chairman Paul Manafort and former Trump campaign official Rick Gates shield from U.S. authorities millions of dollars in payments from the Ukraine, according to a federal grand jury indictment released Monday. Of the 17 domestic business entities implicated in the scheme, the largest number were domiciled in Delaware, Justice Department Special Counsel Robert Mueller found. The latest revelations of Delaware LLCs linked to financial fraud have emboldened open government advocates, such as […]

Manafort indictment includes Delaware LLCs

WHYY | by Zoë Read On Monday, Special Counsel Robert Mueller announced charges against three advisers to President Donald Trump’s campaign related to alleged coordination with the Russian government to sabotage Hillary Clinton’s campaign. A Delaware legislator now is urging the release of a bill that aims to keep tabs on bad actors looking to hide tainted money in LLCs. Former campaign chairman Paul Manafort pled not guilty to money laundering, tax fraud and foreign lobbying related to work in Ukraine. The indictment states that of the 23 LLCs Manafort […]

Manafort-Gates indictment lists entities incorporated in Delaware

Delaware Business Now | by Doug Rainey The indictment against former Trump Presidential Campaign Director Paul Manafort and long-time associate Richard W. Gates lists several companies incorporated in Delaware. The two men pleaded not guilty a dozen charges in federal court in Washington, D.C. The indictment against the two men centers on not registering as foreign agents who received tens of millions of dollars from work in Ukraine that included representing a former president of the nation with ties to Russian President Vladamir Putin. The former leader, Victor Yanukovych, later […]

The Green: October 27, 2017

Delaware Public Media | by Tom Byrne The Public Service Commission heard public comments this week on Delmarva Power’s rate increase request. In August, the utility company asked to hike gas and electricity rates to raise about $25 million. But it amended that proposal earlier this month, asking for a larger increase. Delmarva is now seeking to recover about $43 million dollars with a nearly 6% rate increase in electricity and a nearly 9% hike in the natural gas rate. Among those fighting the increase is State Rep. John Kowalko […]

State Rep. Kowalko fights Delmarva Power’s rate increase proposal

Delaware Public Media | by Sarah Mueller The Public Service Commission heard public comments this week on Delmarva Power’s rate increase request. In August, the utility company asked to hike gas and electricity rates to raise about $25 million. But it amended that proposal earlier this month, asking for a larger increase. Delmarva is now seeking to recover about $43 million dollars with a nearly 6% rate increase in electricity and a nearly 9% hike in the natural gas rate. If approved, the increases would add about $5.50 to the […]