Paul Manafort's Puzzling New York Real Estate Purchases

[PoliticAverse]

Paul J. Manafort, the former Trump campaign manager facing multiple investigations for his political and financial ties to Russia, has engaged in a series of puzzling real estate deals in New York City over the past 11 years.

Real estate and law enforcement experts say some of these transactions fit a pattern used in money laundering; together, they raise questions about Manafort’s activities in the New York City property market while he also was consulting for business and political leaders in the former Soviet Union.

...

Then, between April 2015 and January 2017 – a time span that included his service with the Trump campaign – Manafort borrowed about $12 million against those three New York City homes: one in Trump Tower, one in Soho, and one in Carroll Gardens, Brooklyn.

Manafort’s New York City transactions follow a pattern: Using shell companies, he purchased the homes in all-cash deals, then transferred the properties into his own name for no money and then took out hefty mortgages against them, according to property records.

Read the rest at: https://www.wnyc.org/story/paul-manaforts-puzzling-new-york-real-estate-purchases/

[Botany]

1. I would bet Manafort was laundering dirty money he got from Putin/Russia/Ukraine.

"Manafort’s New York City transactions follow a pattern: Using shell companies, he purchased the homes in all-cash deals, then transferred the properties into his own name for no money and then took out hefty mortgages against them, according to property records."

[Lucinda]

2. KNR Thank you!

[kentuck]

3. Just like Donald!

They are so brilliant! Not!

[C_U_L8R]

4. I trust the IRS is adding this all up.

At least, I hope they are.

[Volaris]

5. Tomorrow, the administration will announce that on Thursday, the IRS will be eliminated.

(That should solve the problem, right Steve?)
(It sure will, Boss-- derpderp derpy derp).

[Cryptoad]

6. Washing the Buck$