money laundering

Law Enforcement
2:58 pm
Tue September 24, 2013

What $57M In Federal Asset Seizures Might Say About South Florida

via Wikipedia

In the last year, over $57 million in illegal assets relating to federal cases in South Florida have been seized by the United States government, according to data provided by the U.S. Attorney’s office in South Florida.

$57,321,390.40 to be exact.

Read more
The Florida Roundup
7:00 am
Tue September 3, 2013

How Drugs May Be Helping Miami’s Real Estate Rebound

Credit Jeff Hester / Creative Commons/Flickr

For 18 months straight South Florida home prices have been rising. One reason is cash. For every 10 homes sold in July in our region, seven were bought with cash: no mortgage, no credit check.  

Moreover, 90 percent of the cash buyers of Miami condos are foreign, which often means less financial oversight is involved in the purchase.

RELATED: What Kind Of Money Fuels The Miami Real Estate Market?

Read more
The Florida Roundup
12:00 pm
Fri August 30, 2013

What Kind Of Money Fuels The Miami Real Estate Market?

Credit Elaine Chen / WLRN

The housing recovery has come fast to South Florida. But some are concerned that the cash-fueled rebound here may be relying, in part, on dirty money. 

Read more