The service of Loophole for All acquires the lists of companies incorporated in the offshore centers and armed with as little as a company name and a number, lets people hijack those companies and utilize them for public advantage.
This corporate identity theft benefits from the anonymous nature of those offshore companies. Everyone can pretend to be them because of their real owners’ secrecy. And even if it’s illegal to steal an identity of a company, the courts of offshoring centers don’t have any power or credibility onshore. And meanwhile, onshore authorities don’t have the resources to verify the real owners of companies offshore — even less to chase everybody down.