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RE: LeoThread 2024-12-10 20:01

in LeoFinancelast month

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The trust was established in Nevada, a state renowned for its strict confidentiality rules. Recently, Commissioner Edmund Gorman ruled against the proposed amendments, which aimed to fortify Lachlan’s leadership while effectively sidelining his three siblings: James, Elizabeth, and Prudence. Gorman characterized the efforts to modify the trust as a "carefully crafted charade" aimed at "permanently cementing" Lachlan Murdoch's role as the sole executive overseeing the empire, irrespective of the potential ramifications for the companies involved or the trust's beneficiaries.

The Current Structure of the Trust