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JCMach1

(29,177 posts)

10. These peeps love to deal in cash though

Reply to octoberlib (Reply #7)

Tue Sep 19, 2017, 11:16 AM

Sep 2017

http://www.miamiherald.com/news/business/real-estate-news/article69248462.html

But... Literally got in the middle of this with Armenian mafia in Dubai one time. Coming back from Armenia was seated away from family and dressed like and was in the aisle with the made men. Mid- flight someone comes by handing out huge was of 100s ... Knowing the law I suspect it was about 100k... The legal amount of cash to bear through airport customs.

I smiled and handed it back to a surprised gangster.

Money was for buying Dubai real estate.

This stuff goes down all the time.

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Highlight:

London mayor targets ghost mansions and zombie flats [View all] octoberlib Sep 2017 OP

The most obvious symptom of growing wealth inequality. Dustlawyer Sep 2017 #1

Good point sharedvalues Sep 2017 #2

+ 1,000 Achilleaze Sep 2017 #6

And once you start seeing them, it's hard to stop gratuitous Sep 2017 #9

My small town has a great many unoccupied homes and empty store fronts Orrex Sep 2017 #3

London real estate Scarsdale Sep 2017 #4

A British commenter on this article over at WaPo said that octoberlib Sep 2017 #8

Money laundering through real estate JCMach1 Sep 2017 #5

FinCEN issued an advisory about this. Whether title ins. companies comply, is another matter octoberlib Sep 2017 #7

These peeps love to deal in cash though JCMach1 Sep 2017 #10

The WP article says most of London's empty flats are owned by the middle and lower classes. EL34x4 Sep 2017 #11

The article is all over the place and contradicts itself. octoberlib Sep 2017 #12