Featured Real Estate

UK in-house lawyer was ‘puppet director’ for dubious £16m schemes

An in-house solicitor who gave a ‘veneer of respectability’ to dubious property schemes has been struck off the roll. The Solicitors Disciplinary Tribunal heard that Timothy Ackrel was one of a succession of ‘puppet directors’ used to conceal the beneficiaries of a scheme to sell apartment blocks in north west… Read More

Canada’s money-laundering monitor now triaging reporting process by COVID-19-hit businesses

While crooks and terrorists are as susceptible to COVID-19 as other mortals, underworld cash always seems immune, so Canada’s money-laundering monitor has begun triaging financial transaction reports during the pandemic. Staffing shortages and business disruption forced by the coronavirus prompted the Financial Transactions and Reports Analysis Centre of Canada, known… Read More

Close friend of Spain’s emeritus king transferred $39 million from “donation” to a US bank

An information exchange between a Spanish judge and a Swiss prosecutor has shed new light on an ongoing investigation into alleged financial irregularities involving emeritus king Juan Carlos I, the father of Spain’s reigning monarch Felipe VI. Spain’s High Court, the Audiencia Nacional, has been waiting for the Swiss… Read More
25th March 2020
Just days after his gutted Bird Streets mansion finally sold for $18.5 million — a whopping $20 million loss — another former home of fugitive financier Jho Low has popped up for sale. This one, a sprawling mansion located in the ultra-exlusive Trousdale Estates section of Beverly… Read More
23rd March 2020
At least 800 properties in Dubai appear to have ties to current and former Nigerian politicians, their family members, associates or alleged proxies, according to a new report published by the Carnegie Endowment for International Peace. The findings, which are based on an analysis of an acquired database of real… Read More
18th March 2020
Portugal’s so-called ‘super judge’ Carlos Alexandre has ordered the seizure of all Angolan billionaire businesswoman Isabel dos Santos’ assets in the country, including lucrative stakes in various companies and luxury properties. Alexandre, a high-profile judge specializing in white-collar crime, made the order in Lisbon’s Central Court for Criminal… Read More
17th March 2020
Eight charities were used to launder £10 million from the sale of counterfeit slimming and erectile dysfunction pills. The Charity Commission reported yesterday that there had been an “unscrupulous pattern of dishonesty” at the organisations, which were registered to advance the Orthodox Jewish faith and relieve poverty. The scam centred… Read More
16th March 2020
The mystery of who owns 221b Baker Street must be solved, politicians have said after a crackdown on unexplained wealth targeted a Kazakh family linked to the Sherlock Holmes address. The real property behind the fabled home of Britain’s best-loved detective is part of a block of office and flats… Read More
16th March 2020
The recent, turbulent history of the Dick family reads like a Netflix reboot of Bleak House. For this is the tale of an unending court case involving the recent sale of a fabulous mansion in one of Britain’s better known tax havens, home to a man whose rags-to-riches life could… Read More
13th March 2020
Miami residents are competing for housing with foreign and out-of-state buyers, who are often able to pay cash and above asking price, and their ability to keep pace is dwindling as local wages remain stagnant. In response, Florida Republican Sen. Marco Rubio is introducing a bill that would reduce… Read More
12th March 2020
The criminal wealth of a former Kazakh secret police chief accused of extortion and murder “lives on” in London through three properties worth £80 million, the National Crime Agency has told the High Court in Britain’s second “McMafia” trial. Nurali Aliyev and his mother, Dariga Nazarbayeva, the current chairwoman of… Read More
12th March 2020
AP — A University of Miami professor who is a top expert on money laundering in Latin America is scheduled to plead guilty for trying to hide $3 million in proceeds from a corruption scheme with Venezuela’s socialist government. Bruce Bagley, 73, was arrested in November on three counts of… Read More
12th March 2020
By Heather Vogell, ProPublica and Katherine Sullivan, WNYC The Trump Organization paid bribes, through middlemen, to New York City tax assessors to lower its property tax bills for several Manhattan buildings in the 1980s and 1990s, according to five former tax assessors and city employees as well as a… Read More