Money Laundering - "Trumps Rubles to Dollars Laundromat - You steal it. We conceal it." [View all]

[Wwcd]

http://www.mcclatchydc.com/news/politics-government/congress/article180701541.html

Trump associate Cohen sold four NY buildings for cash to mysterious buyers

BY PETER STONE AND GREG GORDON
[e-mail]

SNIP
"An all cash purchase by an LLC of an overvalued property in Manhattan is usually worth a closer look by federal investigators,” said Jaimie Nawaday, a former federal prosecutor and money laundering specialist who is now a partner with the New York law firm Kelley Drye & Warren.
“There are perfectly good reasons to buy and sell through LLCs, but the combination of facts is one that tends to arouse interest.”

Cohen did not answer questions about the buyer’s identity or how the transaction was conducted. Herbert Chaves, a lawyer who served as “manager” for the LLC that paid $10 million for the property, declined comment.

WHAT SHOULD RAISE RED FLAGS AMONG MONEY LAUNDERING EXPERTS ARE PURCHASES WAY ABOVE THE ASSESSED VALUE, COMBINED WITH ALL CASH PURCHASES.
THESE ARE POTENTIAL FINGERPRINTS OF MONEY LAUNDERING.

Louise Shelley, a George Mason University professor specializing in money-laundering

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Cohen was interviewed Tuesday by House Intelligence Committee investigators. The Trump campaign’s digital honcho, Brad Parscale, was also questioned by the committee, a congressional staff member said.

Great Read.
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From twitter discussion
https://mobile.twitter.com/PuestoLoco/status/923696553788809217

@PuestoLoco
Trump’s Rubles to Dollars Laundromat -
You steal it. We conceal it. - M. Cohen, Chief Financial Officer