Red Flags
3
Monte Koch
Monte Koch’s lack of transparency, non-existent online presence, and absence of a verifiable track record raise serious concerns. With the EDC seemingly overlooking these red flags, stakeholders should exercise extreme caution
Quick summary on Monte Koch
Monte Koch has emerged in the U.S. Virgin Islands (USVI), seeking tax incentives from the Economic Development Commission (EDC). However, a closer examination reveals significant concerns about the legitimacy of this entity.
Lack of Transparency: Monte Koch’s application to the EDC is shrouded in vagueness, with no clear information about the company’s industry, services, or purpose. This opacity raises immediate red flags about its legitimacy.
Non-Existent Online Presence: An extensive search yields no online footprint for Monte Koch—no website, social media presence, or business registry entries in the USVI. This absence is alarming for a company seeking public benefits.
No Track Record: Unlike other applicants, Monte Koch lacks any history of operations or past projects, making it impossible to assess its credibility or competence.
EDC’s Lax Scrutiny: Despite these glaring issues, the EDC appears poised to approve Monte Koch’s application, highlighting potential weaknesses in the commission’s vetting process.
Consumer Alert: The combination of Monte Koch’s lack of transparency, non-existent online presence, and absence of a track record suggests a high risk for potential fraud. Consumers and stakeholders should exercise extreme caution.
Key Concerns: Monte Koch’s vague application and complete lack of verifiable information raise serious questions about its legitimacy and intentions
Intel Reports
by: Daniel Kim
How can we trust a company that doesn't even have a website or any online presence? Something's fishy here
by: Layla Hassan
No track record, no transparency Monte Koch seems like a ghost company. Why is the EDC even considering this application?
by: James Wilson
This Monte Koch entity, it ain't got no online footprint, no past projects, nada. How's EDC just gonna let 'em slide through without proper vetting? Smells like trouble to me