This Is Why The NAR Will Never Be Prosecuted For Facilitating Money Laundering

Categorized | STOP FORECLOSURE FRAUD

This Is Why The NAR Will Never Be Prosecuted For Facilitating Money Laundering

This Is Why The NAR Will Never Be Prosecuted For Facilitating Money Laundering

Zero Hedge-

Over the past month America’s ever vigilant law enforcers have taken to task not one but two foreign (domestic bank lobbies are sufficiently large to make Congress muppets perfectly eager to look the other way as noted previously) banks: HSBC and now Standard Chartered, for money laundering. Yet, when it comes to the true elephant in the room, which is not foreign and is fully domestic, they continue to ignore events such as this one just described by the Wall Street Journal: “A Florida home that originally listed for $60 million has sold for $47 million, a record for a single-family house in Miami-Dade County. The home, in Indian Creek Village, had been on the market since early 2011, when construction was still being completed. The asking price was reduced to $52 million this year.” And the punchline: “The identity of the buyer, a foreigner who purchased the home in the name of a U.S.-based limited-liability company, couldn’t be learned.” In other words a foreigner who may or may not have engaged in massive criminal activity and/or dealt with Iran, Afghanistan, or any other bogeyman du jour at some point in their past, and is using US real estate merely as a money-laundering front perhaps? Sadly, we will never know. Why? As explained before, it is all thanks to the National Association of Realtors – those wonderful people who bring you the existing home sales update every month (with a documented upward bias every single time) – which just so happens is the only organization that actively lobbied for and received an exemption from AML regulation compliance. In other words, unlike HSBC, the NAR is untouchable, even if it were to sell a triplex to Ahmedinejad on West 57th street.

[ZERO HEDGE]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8611 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

One Response to “This Is Why The NAR Will Never Be Prosecuted For Facilitating Money Laundering”

  1. yuansavvy says:

    Or was this a deal for one of the American banksters who just laundered some of the government’s trillions in handout and screwed the taxpayers through Fredie Mac for another $20M in discounted collateral value!

Trackbacks/Pingbacks


Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives