Keeping Up with the Shell Companies Next Door

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"A new generation of hyper-luxury homes with stratospheric price tags is colonizing the most gilded hillsides and canyons of Los Angeles." That's according to the New York Times, in a series about shell companies that hide the real ownership of such properties -- not just from celebrity hounds but local and international law enforcement. We hear about the "Starship Enterprise" and other monstrosities in Bel-Air and around the country.

Later on the program, an old hand gets a new job in Los Angeles: protecting children. 

Photo: Mohamed Hadid's luxury home, dubbed "starship Enterprise" balances on the hilside above the home of Joseph Horacek



Warren Olney