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I don’t understand how the dirty money is allowed to be used in purchasing real estate to begin with. When I purchased my home there seemed to be pretty extensi
by bronco21016 8y ago
I don’t understand how the dirty money is allowed to be used in purchasing real estate to begin with. When I purchased my home there seemed to be pretty extensive checks to see where the money I was using came from. REITs are mentioned but wouldn’t the money being invested in a REIT be under similar scrutiny?
- manicdee 8y agoThere are different rules for the rich, and different rules again for trusts and corporations. Sure they technically violate some points but they have so much money and funded my political party don’t you know?
- diogenescynic 8y agoHedge funds are also exempt from money laundering requirements: https://www.propublica.org/article/why-arent-hedge-funds-required-to-fight-money-laundering https://www.propublica.org/article/why-arent-hedge-funds-req... The billionaire class has captured our government. This is just one more consequence of their control.