02-28-2021, 05:37 AM
The Hawaii state senate.
Real estate is an excellent arena for money-laundering because rental property is almost a commodity with (in an economically-vibrant community) a lucrative turnover of cash. Need I say that Donald Trump made much money in this activity, the only one in which he was certifiably successful? If a crook has income to protect from scrutiny, then real estate is a good investment. It is the same for the Chinese Triads and the Japanese Yakuza in Hawaii or the Russki Mafiya in New York.
It is a better-recognized investment for people from places of shaky economics due to political instability 'back home'. Maybe Iranian and Pakistani aristocrats have good cause to hedge their bets on where to go in the event of a revolution that might seek to murder the economic elites of the recent past.
Real estate is an excellent arena for money-laundering because rental property is almost a commodity with (in an economically-vibrant community) a lucrative turnover of cash. Need I say that Donald Trump made much money in this activity, the only one in which he was certifiably successful? If a crook has income to protect from scrutiny, then real estate is a good investment. It is the same for the Chinese Triads and the Japanese Yakuza in Hawaii or the Russki Mafiya in New York.
It is a better-recognized investment for people from places of shaky economics due to political instability 'back home'. Maybe Iranian and Pakistani aristocrats have good cause to hedge their bets on where to go in the event of a revolution that might seek to murder the economic elites of the recent past.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.