because it's designed to help foreign people invest in the u.s. and avoid paying u.s. taxes when they do it. great. so why is his money there? come on, are you foreign? quote, sometimes a foreign entity is formed to allow foreign investors to invest in the united states, which may will be the case with the entities that democrats are describing as foreign accounts. so his answer to this is what? that he's a foreign investor in the united states? his own explanation is that this type of account is a good thing for america. it's set up so foreigners can put their money in that account and invest it in america while avoided u.s. taxes. that's the state of his current explanation. that's as far as he has gotten to explain why he might hypothetically have an offshore account. that's how foreigners invest in america.