Crime & Punishment
Federal prosecutors are suing to seize the assets associated with a Russian crime syndicate that allegedly funneled dirty money into high-end real estate as part of a $230 million scheme.
Investigators claim that corrupt officials stole the identity of New York corporations, obtaining fraudulent tax refunds in their name, according to published reports.
“A Russian Read More
Yes, it’s true: New Yorkers are facing stiff competition in the real estate market from highfalutin foreign buyers. And where precisely are these buyers coming from? China, Russia and Brazil, according to a break-down from The Real Deal.
When Jongmin Park and his wife Soye moved from Battery Park City to a condo at 90 William Street three years ago, the conversion of the Financial District into a 24-hour retail and residential neighborhood was just beginning.
When they first arrived, all the restaurants and stores closed on the weekends and the neighborhood turned Read More