We are going to give you the insight of Laurent Descharreaux fraud schemes as to managing the companies he registered and then closed.
Laurent Descharreaux used quite simple yet effective schemes to escape taxes and payments to his creditors. In retrospective we can see that his companies were not the victims of tight tax regime, domestic policy, but Laurent Descharreaux himself was the principal character of his own charade using his companies and proxies as puppies to hit his goal.
However, let’s pass to dry facts now. In April 2008 he set up Happy Technologies OÜ, in May 2008 - Consultancy and Outsourcing Resources Europe OÜ, in December 2009 - Digital Millenium Solutions OÜ, at the same time, Optimal Security Solutions OÜ, again in December 2009 - Digital Millenium Ventures OÜ. At first glance, it is a common situation when a businessman with funds and resources sounds out the possibilities this or that market may bring him and opens several firms. But what happened to Laurent Descharreaux companies next prejudices his honorable intentions. From 2008 to 2011 he changed the owner of all these Estonian firms to the U.S. entity Cincinnatus IT Investors Inc. with him as a member of Executive Board of this entity. Later he removes all these five entities from Estonian registrar or simply dissolves them.
Of course one may rightfully say that many companies end up this way. However, you can’t step into the same river twice, can you? In May 2008 he registers Bytes & More OÜ and in 2010 he changes the major shareholder to Digital Millenium Venture Ltd. Later he dissolves this firm.
In March 2010 he opens Smart Direct OÜ, in September 2010 he makes Digital Millenium Venture Ltd. the owner and… dissolves the former.
There was another firm in Estonia named exactly as the U.S. one - Cincinattus IT Investors OÜ. Later it was renamed to P&K Consulting OÜ. In 2010 Laurent Descharreaux makes Aleksandra Pylina the major shareholder. Importantly, Aleksandra has been his lawyer in Estonia. In 2011 Black Swan Ventures was registered as the owner of P&K Consulting OÜ.
The major tax debtor, Bienvenue OÜ, which was renamed from Complus Consulting OÜ, changes its owner from Laurent Descharreaux to Simeon Borislavov Ganchev and later to the U.S. entity Complus Consulting LLP. Bienvenue OÜ was bankrupted and dissolved.
This is just a few facts that became known to us by simply searching the net. Analyzing the companies opened by Laurent Descharreaux, we can conclude that his business cycle is as follows:
- Registration of an entity with a simple and sometimes funny name (ex. Happy Technologies, etc.);
- Attempt to create any business ending up with failure proving that there should be something else besides funny names;
- Transfer of the company to a nominee (for instance, to a Bulgarian employee or an Estonian lawyer);
- Surprise: closing up of an entity and no one will be the wiser. Who would sue an unregistered entity, right?
This business scheme is interesting by its simplicity but moreover by its daunting frequency, with which Laurent Descharreaux has been using it. To recap, he owes over 1.4 million euro in taxes to Estonian government.
But may be… it’s his secret of success allowing him to live like a pig in clover and travel without troubles. Who knows!
