rant · moment 4 of 18
Michael Bloomberg and Billionaires Buying Real Estate to Launder Reputations
from #185 - Stunning Estate | The Tim Dillon Show · #185
5 min
He mocks Bloomberg's presidential ambitions and "welcome all billionaires" stance, then explains how shell corporations let foreign nationals and criminals hide money in NYC/LA real estate, name-checking a mining magnate who poisoned a river in Zambia.
- Billionaires who've poisoned their own countries come to America, get penthouses, and launder their reputations through real estate.
- Tim did a tour bus show in New York pointing out where oligarchs, mining magnates, and Russian gangsters lived.
- If you threw darts at billionaires, you'd hit murderers pretty quickly, though he doesn't claim all are necessarily evil.
- A mining magnate living in the Time Warner Center poisoned a river in Zambia and killed people, then just moved to New York.
- Foreign billionaires buy real estate under shell corporations with Cayman Islands addresses to hide their identities.
- Half of new construction in London and a large portion of New York's real estate market went to foreign nationals, driving condo prices over two million.
- Real estate attracts dirty money because it's a good hard asset that also evades taxes and hides the source of funds.
- The money could come from drug trafficking, human trafficking, narco operations, terrorism, or Kazakhstan's lawless natural gas industry.
- Real estate agents don't ask questions about where the money comes from; they just make commissions and move on.
- There should be a show where realtors show billionaire pedophiles islands, and it should be called 'Million Dollar Fisting.'
New York real estate marketshell corporationsmoney launderingThe HillsGossip Girl