• Luxury real estate is 'at the top of the list' as the Justice Department investigates Russian money laundering, DOJ official says

    15 days ago - By Business Insider

    Sunny Isles Beach in Florida is known as "Little Moscow." Getty Images
    Luxury US real estate owned by Russian oligarchs is under scrutiny for money laundering.
    Specifically "extremely expensive real estate in stable economies," a DOJ official told CNN.
    However, real estate needs to go through forfeiture litigation before the government can seize it, he noted.
    Wealthy Russians have long invested in luxury real estate across the US, from high-end apartments in Florida to multi-million dollar townhomes in New York City. Now, those assets are "at the top" of the Justice Department's list as...
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