{"id":4302,"date":"2018-04-27T13:39:22","date_gmt":"2018-04-27T13:39:22","guid":{"rendered":"https:\/\/cerbindefense.com\/?p=4302"},"modified":"2020-01-28T13:43:08","modified_gmt":"2020-01-28T13:43:08","slug":"new-york-real-estate-provides-means-for-money-laundering","status":"publish","type":"post","link":"https:\/\/5dattorney.marketing\/staging\/cerbin\/new-york-real-estate-provides-means-for-money-laundering\/","title":{"rendered":"NEW YORK REAL ESTATE PROVIDES MEANS FOR MONEY LAUNDERING"},"content":{"rendered":"<h1 class=\"page-title\">NEW YORK REAL ESTATE PROVIDES MEANS FOR MONEY LAUNDERING<\/h1>\n<section class=\"content\">\n<article class=\"post postFirst post-first\">\n<header class=\"header-post\">\n<p class=\"byline\">On behalf of\u00a0<span class=\"firm-name\">Law Office Of Scott G. Cerbin, Esq., PLLC\u00a0<\/span>posted in\u00a0<a href=\"https:\/\/www.cerbinlaw.com\/blog\/federal-crimes\/\" target=\"_blank\" rel=\"noopener\">federal crimes<\/a>\u00a0on Friday, April 27, 2018.<\/p>\n<\/header>\n<div class=\"containerPostContent container-post-content\">\n<div class=\"postContent post-content\">\n<div>\n<p>A 2014 media investigation uncovered the fact that\u00a0<a href=\"http:\/\/theweek.com\/articles\/736313\/how-foreign-investors-launder-money-new-york-real-estate\" target=\"_blank\" rel=\"noopener noreferrer\">foreign investors<\/a>\u00a0or LLCs were buying up condos in Manhattan, according to The Week. In fact, they purchased nearly a third of the condos in larger area developments between 2008 and 2014. The U.S. Treasury Department began tracking real estate sales to unknown foreign investors in 2016 for just the Miami-Dade County and Manhattan areas. In just a few months, investigators determined that more than one-fourth of all cash transactions for luxury apartments were suspicious and widened the scope of the investigation.<\/p>\n<p>Along with the attraction of having valuable holdings in one of the world\u2019s foremost cities, these foreign investors are attracted to the New York market because of the potential to launder money. What\u2019s more, they are being advised by high-profile, American attorneys about how to move questionable money into the U.S. That advice? Buy New York real estate.<\/p>\n<p>FindLaw defines\u00a0<a href=\"https:\/\/statelaws.findlaw.com\/new-york-law\/new-york-money-laundering-laws.html\" target=\"_blank\" rel=\"noopener noreferrer\">money laundering<\/a>, a federal crime, as financial transactions using proceeds from criminal activities. It is a method of hiding the ownership, location, source or control of money from these operations. After laundering, it appears to have come from legitimate sources.<\/p>\n<p>If you are being investigated or have been charged with money laundering, defenses can include:<\/p>\n<ul>\n<li>Not knowing the source or nature of the money<\/li>\n<li>Not intending to support or take park in crimes<\/li>\n<li>Not trying to hide the source of the money<\/li>\n<li class=\"last-child\">Entrapment by law enforcement representatives<\/li>\n<\/ul>\n<p>To be found guilty of money laundering, the accused must make financial transactions with the knowledge that the funds involved are criminal proceeds. Transactions include wire transfers, sales, deposits, loans, title transfers and more.<\/p>\n<p>This article on money laundering is general in nature. It should not replace the advice of an attorney.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK REAL ESTATE PROVIDES MEANS FOR MONEY LAUNDERING On behalf of\u00a0Law Office Of Scott G. Cerbin, Esq., PLLC\u00a0posted in\u00a0federal crimes\u00a0on Friday, April 27, 2018. A 2014 media investigation uncovered the fact that\u00a0foreign investors\u00a0or LLCs were buying up condos in Manhattan, according to The Week. In fact, they purchased nearly a third of the condos <a class=\"read-more\" href=\"https:\/\/5dattorney.marketing\/staging\/cerbin\/new-york-real-estate-provides-means-for-money-laundering\/\"> Learn More<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[103],"tags":[],"class_list":["post-4302","post","type-post","status-publish","format-standard","hentry","category-federal-crimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/comments?post=4302"}],"version-history":[{"count":1,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4302\/revisions"}],"predecessor-version":[{"id":4304,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4302\/revisions\/4304"}],"wp:attachment":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/media?parent=4302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/categories?post=4302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/tags?post=4302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}