Illegal Partnership

(redirected from Illegal Partnerships)

Illegal Partnership

1. A partnership formed for the purpose of committing illegal acts. For example, two organized crime groups may form an illegal partnership.

2. A partnership that does not conform to applicable regulations governing partnerships. For example, a partnership with more than 20 partners is, under most circumstances, illegal.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
He served on a Enron diversity committee and developed a remarkably close relationship with Fastow, helping him structure many of Enron's illegal partnerships. Colleagues referred to Kopper as one of "Andy's Boys," a select circle of finance executives who did Fastow's bidding, according to The Wall Street Journal.
Odd man out at Enron; did Michael Kopper's sexual orientation play a role in his becoming the first man to fall in the country's biggest corporate scandal? (Business)
Financial browser ?
Full browser ?