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They are money laundering/tax shelter vehicles for the uber-rich, especially foreigners Can someone elaborate? I don't know anything about such things and I'm
by iyn 11y ago
They are money laundering/tax shelter vehicles for the uber-rich, especially foreigners
Can someone elaborate? I don't know anything about such things and I'm curious how it works.
- sogen 11y agolots of mexican politicians use this scheme...
- hobo_mark 11y agohttp://www.occupy.com/article/new-york-real-estate-new-swiss-bank-account http://www.occupy.com/article/new-york-real-estate-new-swiss... or the TLDR version http://www.occupy.com/sites/default/files/medialibrary/globalrich140623_2050.jpg http://www.occupy.com/sites/default/files/medialibrary/globa...
- kwyjiboo 11y agoReal estate transactions aren't subject to the same anti-money laundering and know your customer regulations that banks and securities firms are subject to. Because of this, high-end real estate is a preferred asset class for people with shady money.