Family Offices & Private Foundations at Critical Junctures

How to Tell If a Local Business Is Just a Shell for Moving Someone Else’s Money

How to Tell If a Local Business Is Just a Shell for Moving Someone Else’s Money

Pholus Advisory | 07/16/2025
Not every business is what it claims to be. Behind storefronts, digital platforms, or community ventures, some entities exist primarily to transfer, obscure, or clean money for other actors. These businesses are operational in form but hollow in function—designed less to sell a product or service and more to facilitate…
Project Contaminated? Here’s How to Wind Down, Isolate, or Divest

Project Contaminated? Here’s How to Wind Down, Isolate, or Divest

Pholus Advisory | 05/01/2025
When a project becomes reputationally, politically, or ethically compromised, leadership faces a critical decision: stay, fix, or exit. In fragile markets, even the appearance of contamination—from allegations, internal misconduct, or partner exposure—can be destabilizing. If left unmanaged, it spreads beyond the project itself, infecting donor confidence, staff morale, and organizational…
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