Never said it was controlled by foreign citizens. Rather I stated it was the method used by foreign citizens to register their aircraft in the US. But it is also open to US citizens to use. It's called an Aircraft Trust, or Owner Trust, or Aircraft Owner Trust depending on how the trustee company lists it. Been recognized by the FAA for decades. Here's one such company out of dozens I have worked with and their explanation of the trust:A trust predominantly controlled by foreign citizens isn't eligible for registration either.
https://agcorp.com/2017/07/what-is-an-aircraft-trust/