Julio Iglesias used shell companies to amass real estate portfolio: Pandora Papers
Singer-songwriter Julio Iglesias crafted his real estate portfolio in South Florida using shell companies, including for five properties on...
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Ecuadorian president’s alleged Florida real estate ties raise questions
The South Florida real estate market’s reputation as a magnet for dirty money has made unwelcome headlines around the...
National
Prosecutor pushes for more LLC transparency
A month after a federal law required more transparency on real estate transactions, Manhattan District Attorney Cyrus Vance wants it expanded. Vance is requesting the Treasury Department mandate more reporting from special purpose entities...
National
New Russia sanctions bill targets LLCs in real estate, again
The “sanctions bill from hell” is back from the dead. Republican Senator Lindsey Graham (SC) and Democratic Senator Bob...
New York
Hannity portfolio draws attention to rampant LLC use
The revelation that Sean Hannity quietly amassed a significant real estate portfolio has drawn attention to the vehicle that’s...
Feds set to implement new shell company regulations: report
From the New York website: The federal government’s war against shell companies frequently used in real estate acquisitions is extending...
Inside the title insurance cartel
TRD New YorkSpecial Report: On December 10, 2013, regulators summoned the nation’s biggest title insurance firms to 1 State Street. Much of the hearing focused on the technicalities of title insurance fees and covenants. Representatives...
Top real estate lawyers offer advice on moving shady money into US: report
From the New York website: Several top New York real estate lawyers – about a dozen in all –...
7 ways to avoid the new LLC disclosure law
From the New York website: Buyers of luxury Miami and Manhattan real estate, whose purchases are often shielded by limited liability corporations, will be thrust into the spotlight come March, when new federal disclosure...
Title insurers push back on new LLC disclosure rule
From the New York website: Title insurance companies, charged with revealing the identity of secret buyers of luxury...
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