Russia Paid Bounties to Murder US Troops, Trump Lets Them

lol

 

Sorry discord... not all here this morning.

 

There are many instances of using real estate to money launder. Just buying someone's old donut shop and using it to hide your cash flow from illegal activities is like the easiest example.

Using an LLC to purchase real estate, with cash from illegal activities, and then selling the house later on when it appreciates is money laundering.

 

https://www.curbed.com/2018/8/10/17674584/money-laundering-real-estate-paul-manafort-trial

 

https://www.legalexecutiveinstitute.com/real-estate-fraud/#:~:text=There have been prominent examples,gather to fund terrorist operations.

https://www.lexology.com/library/detail.aspx?g=4242839e-373c-4525-a853-3ad5cc84a17b

@pgabriel is pathetic.

 

From your article. Real estate is the destination

IOW the money is already laundered

 

lol this mofo thinks you need physical space to launder money.

I am dying over here.

 

The purchase of the donut shop is subject to record. It would be purchased with clean money

 

That's not how it works! There has to be bags of cash, small bills only, or there can be no laundering. Where did you get your Criminal Degree? Trump University, no doubt.

 

Again the point of the article Is the money has been laundered
You do know the purpose of laundering money is criminal transactions are in cash.

You can't buy houses and cars in cash without the government knowing. So you have to get the money in a bank without the government knowing because banks report large cash transactions

You don't understand money laundering so stop acting like a know it all dick

 

@No Worries

Brobek is obsessed with trying to prove me wrong on the most random topics

He jumps in the middle of conversations not knowing what's going on.. You will get embarrassed following him

 

This is a really strange argument that money laundering through real estate is difficult. Yes if you get a loan there will be a lot of financial checks but someone looking to launder money isn't going to get a loan but pay cash. There aren't many questions asked when a property is purchased for cash. I know this because my family has bought properties for cash. Yes the transaction is recorded and our ownership is recorded and we have to declare that asset in proforma forms and for tax purposes. That doesn't mean that where the money came from to purchase is being looked at that closely.

From the article that Bobrek posted.
https://www.curbed.com/2018/8/10/17674584/money-laundering-real-estate-paul-manafort-trial
"But probably the most advantageous aspect of buying real estate is that reporting requirements for suspicious activity are almost nonexistent, particularly compared to banks and financial institutions, which are legally required to blow the whistle on anything that looks fishy.

A lawyer involved in a real estate transaction wouldn’t necessarily be required to flag a buyer who has funds in an LLC where the beneficial owner is masked. Furthermore, legitimately earned money from LLCs is often used to buy real estate in entirely-cash transactions, so these transactions aren’t even necessarily illegal. Some lawyers will flag it out of conscience, but others don’t.

“Banks, securities broker/dealers, even precious metal dealers like gold or diamond sellers, a lot of other industries have anti-money laundering regulations on them,” Kindle said. “They’re going to ask me all kinds of questions. Most of the people involved in real estate, they don’t have to do any of that stuff. If I’m looking for anonymity, and I’m looking for a place where I can purchase and hold really high-value assets, real estate is a great place to go. It’s just outside the world of reporting obligations.”

Because this process is so effective, money laundering is incredibly tough to catch in the United States. If the crime involves offshore accounts or companies, U.S. officials have to query the governments of those countries to get information. Those governments may take months to respond, if they do at all."

 

That's the whole purpose of creating LLC's and multiple parent companies is to hide where the cash came from. I don't understand how you don't get that. The article bobrek linked even explains it step by step.

My mom could sell drugs on the side and deposit $300-500 into my account every couple of months without suspicion. Once I've gathered enough I buy a pos condo and then rent it out to someone and then make money off it. Money laundered without anyone noticing.

 

Exactly

The money would already be laundered

That's the point of the sarcasm

 

What you quoted from the article isn't talking about purchasing real estate with cash

 

You really don't understand any of this, do you?

 

What is going on in here? Should I just ignore the joker like everyone else lol

 

Yep...i am the only one in your diatribe about money laundering and real estate posting info contrary to you.

 

It's literally talking about cash? Cash just doesn't mean the physical tender you hand someone, cash can come from a checking account to another account.

 

@larsv8
@No Worries
@rocketsjudoka
@bobrek

From the article

ying real estate is the last step in what law-enforcement officials describe as a three-step money-laundering process. The first step is placement, when money launderers get their money into the financial system. For criminals whose money comes in the form of cash, this can be a long and involved process in which money mules make dozens of small deposits at banks so as to not attract attention.


IOW the first step is laundering the money