8/18/2019 Brad Avakian plan to address shell company abuse

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Paid for by the Committee to Elect Brad Avakian

AVAKIAN RELEASES PLAN TO COMBAT SHELL COMPANY ABUSE AND FINANCIAL FRAUD

PORTLAND  – Today, Brad Avakian, the state’s Labor Commissioner and Democratic candidate

for Secretary of State, presented his plan to crack down on shell company abuse and financial

fraud.

Every business wanting to operate in Oregon must file with the Secretary of State’s

Corporations Division. The office also houses the Audits Division which can be used to

investigate companies doing business with the state.

Avakian called for requiring more detailed information on filings, investigative powers, and

stiffer penalties for those engaging in fraud.

“No one should look to Oregon as a safe haven to commit fraud,” said Brad Avakian. “As

Secretary of State I will aggressively investigate any irregularities and ensure those committing

fraud are held accountable.”

Brad Avakian is the only candidate for Secretary of State who has run a state agency. As the

Commissioner of Labor and Industries he has enforced the state’s minimum wage and 

prevailing wage laws, and cracked down on corporations not playing by the rules. As

Commissioner, Avakian professionalized the bureau’s prosecution unit, resulting in an effectivesystem to hold abusive corporations and government agencies accountable. In the last year

alone, the bureau settled the largest civil rights case (Daimler) and largest wage case (Southern

Oregon University) in bureau history.

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