National Issue
Wash, rinse, repeat: How money launderers exploit real estate
In early March, Lakshmi Kumar got a chance to tell Sens. Chuck Grassley and Sheldon Whitehouse that crooks across...
Money Laundering
The Latest
National Weekend Edition
Ukraine invasion sends shock waves to Miami, NY real estate
Russian President Vladimir Putin’s invasion of Ukraine has set the stage for global economic turmoil and sanctions whose impacts...
Italians under indictment bought more than 130 South Florida homes: Pandora Papers
In the latest Pandora Papers investigation involving South Florida real estate deals, a group of Italian nationals went on...
Miami Issue
An alleged Miami Ponzi hustle
Like most alleged Ponzi schemes, a Miami-based troika’s plan to tap South American investors to fund their real estate projects started off with non-criminal, ambitious intentions. Ernesto Weisson, a Coconut Grove businessman and architect...
Miami
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...
National
Ecuadorian president, linked to US real estate, named in Pandora Papers
Ecuadorian President Guillermo Lasso – who has been linked to roughly 130 South Florida properties – is among the...
Miami
Trio charged with defrauding real estate investors out of $155M
Federal prosecutors in New York criminally charged a trio from a Miami-based company with allegedly scamming investors out of...
Miami Archive
These Miami properties play cameo roles in “Cocaine Cowboys: The Kings of Miami”
Cocaine, money and real estate. This was the holy trinity that Miami high-rollers worshipped from the late 1970s to...
Swiss banker’s sentence slashed in alleged $1B Venezuelan money laundering scheme
A Swiss banker’s sentence was cut for his role in an alleged $1 billion international money laundering scheme that...
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...