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Old 12-19-2005, 09:12 AM  
Webby
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Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
Quote:
Originally Posted by Mutt
read what corvette said - if you are NOT RESIDENT in either Europe or the US you CANNOT, WILL NOT be the principle - you will not have control over your account so whomever you entrust to be your principle you better be sure they are about as trustworthy as you can get - and I'd think twice about using anybody with much knowledge of this industry - because they could get some funny ideas.
Mutt... I just read what corvette said and it leaves room some explaining. Control over ... assuming bank accounts is the responsibilty of the beneficial owner under these circumstances - not some nominee.

There are plenty folks not resident within the US or the EU and they process in both these areas and are the principals - but they are not resident there. The EU has far more room to play with this stuff.

Agree with you to a point in that it's not wise to let third parties handle your finances, but, at the same time - they are often handling far more than the average webmaster deals with and have reputations to maintain. I've never once allowed any nominee information on the existance of any bank account or whether or not a bank account existed. Several nominees have stated at the outset they they prefer not to know - gives their clients some confidence.
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