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

105 712
2.4%
Published on 13 Oct 2021, 2:30
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. youtube.com/theyoungturks/live

Read more HERE:  miamiherald.com/news/business/...

"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: miamiherald.com/news/business/...

***

The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.

Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ youtube.com/TheYoungTurks/join


SUBSCRIBE on YOUTUBE: ☞ youtube.com/subscription_cente...
FACEBOOK: ☞ facebook.com/TheYoungTurks
TWITTER: ☞ twitter.com/TheYoungTurks
INSTAGRAM: ☞ instagram.com/TheYoungTurks
TWITCH: ☞ twitch.com/tyt

👕 Merch: shoptyt.com

❤ Donate: tyt.com/go

🔗 Website: tyt.com

📱App: tyt.com/app

📬 Newsletters: tyt.com/newsletters


If you want to watch more videos from TYT, consider subscribing to other channels in our network:

The Damage Report ▶ youtube.com/thedamagereport

TYT Sports ▶ youtube.com/tytsports

The Conversation ▶ youtube.com/tytconversation

Rebel HQ ▶ youtube.com/rebelhq

TYT Investigates ▶ youtube.com/channel/UCwNJt9PYy...


#TYT #TheYoungTurks #BreakingNews

211012__TA03_Report_Billions_Laundered_Real_Estate
newsautotechmusickids