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> while in theory someone could do something like "create shell companies faster than the legal process can crack them open

I don't think that even works in theory. It's not like a shell company is a computer process that totally ceases to exist after it terminates and can longer be investigated: there's all kinds of logging and record keeping for a real life company. The authorities can start investigating a defunct shell company and trace it back to its origin (which then will reveal the whole "infinite regression of spheres").



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