Made Millions Selling Condos To Unknown Buyers

A BuzzFeed News review of every sale of a Trump-branded condominium in the United States provides the first comprehensive look at how many went to unidentified buyers who paid cash, an indication of possible money laundering.

Posted on January 12, 2018, at 9:36 a.m.
Thomas Frank

More than one-fifth of Donald Trump’s US condominiums have been purchased since the 1980s in secretive, all-cash transactions that enable buyers to avoid legal scrutiny ...

Records show that more than 1,300 Trump condominiums were bought not by people but by shell companies .. without a mortgage ...

Those two characteristics signal that a buyer may be laundering money, the Treasury Department has said in a series of statements since 2016 ...

... federal investigations "continue to reveal corrupt politicians, drug traffickers and other criminals using shell companies to purchase luxury real estate with cash," Treasury’s former financial-crimes chief Jennifer Shasky Calvery said at a Capitol Hill hearing in 2016 ...

https://www.buzzfeed.com/thomasfrank/secret-money-how-trump-made-millions-selling-condos-to?utm_term=.oyvDqzDoz#.ywNA3kAOk