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DomAviator -> RE: Addressing Identity Theft (7/2/2008 11:37:29 PM)
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Absolutely NOTHING about me on any publically available database is accurate. I deliberately, and quite legally, have it chock full of disinformation and made it that way with the help of a PI, a lawyer, and an accountant.
My home is owned by a corporation that is not my actual business, which is owned by another entity which in turn is owned by another entity bouncing state to state until it goes offshore through several extremely uncooperative foreign jurisdictions. My cars are company cars owned by various entities with no real liability exposure. The only vehicle that will come up registered in my name is a late 1980's pickup truck in another state that is worth $400 and I dont even know if it runs as I havent even started it in a year and a half. I have over a dozen bank accounts with balances under $100 scattered in various states, no fewer than 7 addresses in various states - none of which are my actual address. I am thoroughly "judgement proofed" because after 9-11 it is utterly impossible for me to obtain adequate liability coverage for the exposure I face if something ugly happened in my business. (Whether terrorism related or accidental) I mean seriously, what if a person I trained entirely accidentally crashed a $30,000,000 aircraft into say an elementary school resulting in the loss of the building and wrongful death / personal injury suits for 500 dead kids and teachers.... While I refuse to teach arabs or known muslims, I shudder to think what could happen if I had one sneak in and I taught some yahoo to fly a $150,000,000 Boeing 737 which he then uses to slam into a multi-billion dollar facility killing thousands... I carry enough liability insurance to protect against the routine exposures of my biz and to make my clients comfortable, and rely on this judgement proofing to ensure that I wont be destroyed by the sum of all fears scenario. my business may be bankrupted, but my personal assets will be intact and I will reopen in a month... [:D]
I deliberately have my personal credit so underutilized that I regularly get offers for secured credit cards.... However, my corporation - which ISNT my actual business with all the liability exposure - was approved for a Vette in minutes, has a very healthy line of credit with more than one bank, and can get a mortgage with no difficulties at all. So, if someone stole my identity are they in for a rude surprise because they wouldnt be able to get a cell phone without being on a spending limit plan. (Which doesnt phase me at all because my phones are company phones LOL)
There is another advantage to this - my ex-wife wasnt married to my corporations she was married to ME. I dont have anything, except of course the corporation but good luck proving I own that and navigating your way through a tangled web of corps, LLC's, LPs, and foreign entities before your investigative and legal money runs out... She should thank her lucky stars I didnt ask for alimony because I probably would have gotten it... [:D]
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