Trump’s Russian Laundromat

“Russians love the Trump brand,” said developer Gil Dezer, (left, with Trump). One Florida tenant, Anatoly Golubchik (right) was busted in a major money-laundering ring run out of Trump Tower. Billy Farrell/Patrick McMullan/Getty; John Marshall Mantel/ New York Times/ReduxMany of the units were sold by a native of Uzbekistan who had immigrated from the Soviet Union in the 1980s; her business was so brisk that she soon began bringing Russian tour groups to Sunny Isles to view the properties. According to a Reuters investigation in March, at least 63 buyers with Russian addresses or passports spent $98 million on Trump’s properties in south Florida. What’s more, another one-third of the units—more than 700 in all—were bought by shadowy shell companies that concealed the true owners.Trump promoted and celebrated the properties. His organization continues to advertise the units; in 2011, when they first turned a profit, he attended a ceremonial mortgage-burning in Sunny Isles to toast their success. Last October, an investigation by the Miami Herald found that at least 13 buyers in the Florida complex have been the target of government investigations, either personally or through their companies, including “members of a Russian-American organized crime group.” Two buyers in Sunny Isles, Anatoly Golubchik and Michael Sall, were convicted for taking part in a massive international gambling and money-laundering syndicate that was run out of Trump Tower in New York. The ring, according to the FBI, was operating under the protection of the Russian mafia.

Source: Inoreader – Trump’s Russian Laundromat