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bettyellen

(47,209 posts)
4. Pretty much, overpaying for apartments is a simple way when the seller
Fri Mar 16, 2018, 05:23 PM
Mar 2018

Looks the other way in terms of where the cash is coming from. That makes the seller also launderer, I think. Any way you can hide a payment by breaking it into smaller looking amounts that won’t be reported as suspicious. Even passing stolen or ransom money at various places little by little is laundering it. Hiding what is traceable and illegally obtained.

The cost of it depends on how much, and how fast. Overseas banks will charge their top transaction fee- 15%, NY people who deal with large sums can go up to 35% to make it appear to be totally legal- so you don’t have to stash it off shore. Buying property in a different country is a favorite ploy becasue they’re typically large transactions and you have a wide price range of properties, and the value is fairly stable. I believe one of the projects Trump worked on in Khazkstan was just a phony shell of a building no one wanted. The building itself was secondary to using it as a conduit for payments to all sorts of people.

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