The investigation has further revealed that the identities of the individuals who sent the money were false and that the business was a shell entity.
From the guardian.co.uk
We explain on our Web site that a shell corporation is a business entity with no significant assets or ongoing business activities.
From the businessweek.com
Entity is an empty shell of Activity.
From the hecklerspray.com
A private company is merged into a shell, which is a publicly traded company that is no longer functioning as an operating entity.
From the theepochtimes.com
This entity is formed because the xenon atom tends to fill its outermost electronic shell, and can briefly do this by adding an electron from a neighboring xenon atom.