Worldwide NFT Inc (WNFT)

[Yolo]

Defendant Used Offshore Shell Companies in Belize and the West Indies to Perpetrate Numerous Schemes, Including the Manipulation of Cynk Technology Corp (CYNK)
BROOKLYN, N.Y. – Earlier today, Gregg R. Mulholland, a dual U.S. and Canadian citizen and secret owner of Legacy Global Markets S.A. (Legacy), an offshore broker-dealer and investment management company based in Panama City, Panama, and Belize City, Belize, pleaded guilty to money laundering conspiracy for fraudulently manipulating the stocks of more than 40 U.S. publicly-traded companies and then laundering more than $250 million in profits through at least five offshore law firms.

Seeing as he engaged in similar schemes for over 40 companies, maybe you can now understand why he needed puppet CEOs. He didn't want the risk involved with having 40+ co-conspirators, nor would he want to share the profit with 40 other people. Not when he can find someone clueless of his fraud to become CEO and take the fall for free.

Thank you, I-GLOW, for providing context and examples from a similar scheme orchestrated by the Mulholland Group. They were very successful in their schemes, making over $250M in ill-gotten profit, and they were pretty consistent in how they conducted the scam. Obviously all 40+ CEOs were used to further the scam, but it seems clear they were duped and scammed themselves.