Tommy Tainant
Diamond Member
âThis is her opportunityâ: governor Kathy Hochul could forever unmask New Yorkâs financial criminals
A first-in-the-nation transparency act on Hochul’s desk would name those involved in financial crimes and potential money laundering
www.theguardian.com
On the face of it its a slam dunk policy that will provide transparency in the New York housing market. But the people opposed to it are big backers of the Gov.
Will she do the right thing or not ?
In Manhattan, a recent data analysis found that nearly 40% of properties are owned by LLCs, making the area a hot spot for both illicit real estate practices and more run-of-the-mill predatory ones. A 2018 BuzzFeed investigation uncovered that more than one-fifth of residential condos in Trump-owned developments – and a full 77% in one Manhattan building – were all-cash purchases by LLCs and other anonymous shell companies, telltale signs of possible money laundering.
It sounds as bad as London, the world capital of money laundering.Do the interests of russian oligarchs outweigh those of New Yorkers ?
Over to you Kathy .
