Luxury real-estate was looked into in 2016 and up to 30% of deals they looked into were suspicious as money laundering conduits [1]. Who knows how much this inf

Luxury real-estate was looked into in 2016 and up to 30% of deals they looked into were suspicious as money laundering conduits [1]. Who knows how much this inflates real estate values or diminishes needed supply. With Citizen's United vs FEC it is now a massive target for money laundering as well [2]. Tons of foreign money is involved with it and can get in easily with Citizens United [3]. Our politics is going to get much more crazy with not only the foreign money involved but the dark money being cleaned. Russian oligarchs or any group under sanctions also have ways to get money laundered besides the old school ways of casinos, black market products, etc [4]. > According to James Henry, a former chief economist at McKinsey & Company who consulted on the Panama Papers, some $1.3 trillion in illicit capital has poured out of Russia since the 1990s. [4] > In 1998, Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close. The ensuing financial panic sent the country’s oligarchs and mobsters scrambling to find a safe place to put their money. [4] > Among the new tenants was Eduard Nektalov, a diamond dealer from Uzbekistan. Nektalov, who was being investigated by a Treasury Department task force for mob-connected money laundering, bought a condo on the seventy-ninth floor, directly below Trump’s future campaign manager, Kellyanne Conway. A month later he sold his unit for a $500,000 profit. The following year, after rumors circulated that Nektalov was cooperating with federal investigators, he was shot down on Sixth Avenue.[4] > In 2013, police burst into Unit 63A of Trump Tower and rounded up 29 suspects in a $100 million money-laundering scheme [4]. [1] https://cnbc.com/2017/08/24/a-third-of-luxe-real-estate-deals-involve-suspicious-activity.html https://cnbc.com/2017/08/24/a-third-of-luxe-real-estate-deal... [2] https://www.theatlantic.com/politics/archive/2013/12/theres-no-way-to-follow-the-money/282394/ https://www.theatlantic.com/politics/archive/2013/12/theres-... [3] https://theintercept.com/2016/08/03/citizens-united-foreign-money-us-elections/ https://theintercept.com/2016/08/03/citizens-united-foreign-... [4] https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate https://newrepublic.com/article/143586/trumps-russian-laundr...