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CanonRay

(16,278 posts)

3. Real Estate is a great way to launder money

Reply to Frustratedlady (Original post)

Mon May 20, 2019, 09:26 AM

May 2019

Invest your dirty money in a property, sell it, and the money is clean. Gee, wonder who deals is real estate that would do this? Why do Russians own so many of Trumps properties?

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I have never believed the story about Trump's losses on his tax returns. [View all] Frustratedlady May 2019 OP

Same here malaise May 2019 #1

so hes either gotta fess up about the losses or fess up about laundering..ha! whatta choice. samnsara May 2019 #2

Real Estate is a great way to launder money CanonRay May 2019 #3

Well, that deal in Florida where they bought a property for a few million, Frustratedlady May 2019 #4

some simply skim profits then claim it as losses duforsure May 2019 #5

I used to be a tax accountant customerserviceguy May 2019 #6

Thanks for the explanation. Frustratedlady May 2019 #7

You're welcome customerserviceguy May 2019 #8

Donald Trump Was Supposedly a Really Bad Businessman erpowers May 2019 #9

Yes, I realize that is true about his business acumen or lack of, but he is simply a natural con man Frustratedlady May 2019 #10