money launder

Great Fortunes, Great Crimes & Manhattan Real Estate

The Property Taxes on That $100 Million NYC Penthouse Are HOW MUCH?!? “Behind every great fortune lies a great crime.” -Honoré de Balzac Reading The New York Times’ expose, “Hidden Wealth Flows to Elite New York Condo’s,” it’s hard not to think of Balzac’s famous quote. Except that when it comes to condos in certain...
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How Fining Banks Instead of Jailing Rogue Bankers Disserves Society

Needed:  Financial Nuremberg Trials “Citigroup and U.S. Reach $7 Billion Mortgage Settlement.” —headline; NYT (7/14/14). “BNP Paribas SA agreed to pay nearly $9 billion and plead guilty to crimes for violating U.S. sanctions, an unprecedented settlement that includes a year-long ban on the French bank’s ability to conduct certain U.S. dollar transactions. –“BNP Paribas Draws...
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