Oregon In Bad Company, According To Feds' Financial Enforcers

On Saturday, The New York Times published a fascinating look at the nationwide problems created by the tiny corporate kingdom that is Delaware. 

Buried in the piece is a passing mention that Oregon shares many of the factors that make Delaware so attractive to tax avoiders, evaders and all manner of fraudsters.

A quick glance at the FECN's summary reports show that Oregon does seem to punch above its weight when it comes to certain kinds of financial crime. In the last quarter of 2011, Oregon, the 27th most populous state, ranked 22nd in suspected incidents of mortgage loan fraud. Per capita, Oregon ranked 14th.

And in March of last year, FECN announced a $25,000 civil penalty against a Tigard man, Victor Kaganov, for running an unregistered money transfer business out of his home (pdf).

WWeek 2015

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