REPORT: Money Laundering Rampant In Real Estate Markets Thanks To Trump

A new report has found that a staggering amount of money has been laundered through real estate in the United States. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE:  https://www.miamiherald.com/news/business/real-estate-news/article254838987.html

"Money laundering finds many avenues. Money gained from illicit activities by terrorists, drug lords, arms dealers and other criminals is washed through car sales, yacht purchases, jewelry and art acquisitions, and deposits in banks that — wink, wink — look the other way, even in sports betting.

But perhaps nowhere is this criminal enterprise more prominent than in real estate, both residential and commercial.

A new report from Global Financial Integrity, a Washington-based think tank that studies the flow of illicit finances, says America has become a “safe haven” for money laundering. The group says that “at a minimum,” $2.3 billion has been laundered through real estate over the last five years. And given that GFI only studied cases already reported or adjudicated, it ventured that the total value of property purchased with laundered money is even more “staggering.”*

Read more at: https://www.miamiherald.com/news/business/real-estate-news/article254838987.html#storylink=cpy

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