Don't you be my neighbor

[Nevilledog]

Link to tweet

https://www.msn.com/en-us/news/politics/dont-you-be-my-neighbor/ar-AASoh8R?ocid=winp-st

When my parents moved to Miami and were looking for an apartment, I jokingly offered my investigative services to make sure their rental unit wasn't owned by a drug trafficker or a corrupt foreign leader. Miami real estate is well known for being a money laundering hub for all sorts of shady characters. In fact, from my own experience tracking dirty money, I was aware that the daughter of a prominent Congolese politician accused of corruption owned high value real estate in the Miami area. Drug cartels, mafiosi, and thieving dictators all need a safe home for their ill-gotten gains. And given the high rents they can charge, luxury real estate is not just a safe hideout for their cash, it's a profitable investment.

A recent investigative report by our team at The Sentry, however, reveals that real estate-based money laundering is not only happening in flashy locations like Miami, Malibu, and Manhattan, with millions stashed in mega mansions. As we traced the dirty money flowing from corrupt operations in the Democratic Republic of Congo through a maze of shell companies and international banking transactions, we were surprised to discover the trail led to ordinary houses in middle-class neighborhoods, right in the city where I live. Namely, our nation's capital, Washington, D.C.

The Biden administration recently announced a new Strategy on Countering Corruption, which reinforces countering corruption as a national priority and puts a new focus on addressing money laundering risks in the real estate market. The need for hard-hitting policy action is more urgent than ever, as the profits from corrupt acts in some of the poorest countries in the world are being used to purchase houses a stone's throw from the White House.

The largest document and data leak in African history, obtained by The Platform to Protect Whistleblowers in Africa and Mediapart and shared with The Sentry and the media network European Investigative Collaborations, now reveal an array of massive corrupt schemes.

*snip*



Link to The Sentry report
https://thesentry.org/reports/embezzled-empire/

[SWBTATTReg]

1. This trend of the uber rich and others from overseas buying properties in the US has been going

on for literally decades and decades. I'd say roughly at least 50 years...it seems like every time I went to Miami FL, I was running into people overseas that migrated to the US.