Most Trump real estate now sold to secretive buyers

[mia]

June 13, 2017

Ever since winning the Republican nomination, the majority of President Donald Trump's companies' real estate sales have gone to shell companies that conceal the buyers' identities.

Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before....

Since Election Day, Trump’s businesses have sold 28 of those U.S. properties for $33 million. The sales include luxury condos and penthouses in Las Vegas and New York and oceanfront lots near Los Angeles. The value of his companies' inventory of available real estate remains above a quarter-billion dollars.

Profits from sales of those properties flow through a trust run by Trump’s sons. The president is the sole beneficiary of the trust and can withdraw cash any time....

https://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/

[Wounded Bear]

1. As always, follow the money...

Trump is making millions out of being President.

We really need an overhaul of our financial systems. It is far too easy to launder money in the modern world.

[unblock]

2. Exactly as the framers intended

[marylandblue]

3. Mueller seems to have no trouble tracing Manafort's money

Has he already traced all the Trump funds?

[Fred Sanders]

4. They have traced Trump laundering mob and corrupt politicians and foreign corrupt billionaires

through his properties.