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19. Long A New York Real Estate Mainstay, LLCs Lose Their Anonymity

Tue Mar 1, 2022, 09:43 AM

Mar 2022

“On January 1st, Congress passed a measure to end the secrecy around shell companies that has fueled a boom in high-priced New York condominiums. The new law could discourage the flow of international capital into Manhattan real estate, while giving investigators powerful new tools to detect money laundering and other financial crimes.

The National Defense Authorization Act, passed over a veto by President Donald Trump, empowers the Treasury Department to create and maintain a registry of the “beneficial” or true owners of most businesses created in the United States, including limited liability companies. LLCs are a popular vehicle for purchasing real estate, in part due to the secrecy they confer.”

https://gothamist.com/news/long-new-york-real-estate-mainstay-llcs-lose-their-anonymity

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Manhattan real estate owned by Russian oligarchs [View all] Wicked Blue Mar 2022 OP

Russian oligarchs should be deported to Russia, and their assets seized dalton99a Mar 2022 #1

They've been buying up NYC for 30 years. Voltaire2 Mar 2022 #2

The list is incomplete... dixiechiken1 Mar 2022 #3

It's the NYPost, so.... But you're right, this is the tip of the iceberg. Scrivener7 Mar 2022 #6

Amen Wicked Blue Mar 2022 #8

IMMEDIATELY!!! Samrob Mar 2022 #4

American oligarchs should be deported to Russia. gab13by13 Mar 2022 #5

Auction the properties off and send the money to Ukraine! Chainfire Mar 2022 #7

Friends of TFG. milestogo Mar 2022 #9

+1 dalton99a Mar 2022 #10

Great info./map- Thanks for posting this! Quakerfriend Mar 2022 #11

Confiscate the property; turn it into housing for displaced Ukrainians and homeless US families. Magoo48 Mar 2022 #12

🤗 Deuxcents Mar 2022 #13

K&R Damn right seize the properties! Emile Mar 2022 #14

I don't know whether it applies to Russian citizens in the US, but the 4th Amendment... Wicked Blue Mar 2022 #15

Add Trump Tower. NNadir Mar 2022 #16

I wonder how much they have driven up the price of real estate in NY and elsewhere Sanity Claws Mar 2022 #17

Pretty sure they don't just own properties in Manhattan. Claustrum Mar 2022 #18

Long A New York Real Estate Mainstay, LLCs Lose Their Anonymity Me. Mar 2022 #19

Great! Wicked Blue Mar 2022 #20

Blavatnik has donated to Lindsay Graham and Mitch McConnell. JoanofArgh Mar 2022 #21