rant · moment 4 of 28
New York Real Estate as a Vertical Money Laundering Scheme
from Lame Duck Donald & The Immigration Nation | The Tim Dillon Show #470 · #470
5 min
Tim argues that shell corporations and empty luxury condos (like on Billionaires' Row) function as a money-laundering system for foreign wealth, citing the 37% LLC-ownership statistic and Bloomberg's "we want all the world's billionaires" quote.
- New York's GDP makes it the world's top investment destination after Tokyo.
- Foreign owners aren't renting these condos—they're using them to hide money from taxation and bank oversight.
- 37% of Manhattan properties are owned by secretive LLC shell companies, though initial reports claimed only 7%.
- Tim uses shell corporations for privacy to avoid being tracked down, though he still advertises his public appearances.
- The vast majority of shell corp ownership isn't about privacy—it's about hiding ill-gotten gains, with most properties left empty.
- Billionaires' Row stays dark because foreign owners treat these properties as banks to store value, not homes to occupy.
- Michael Bloomberg encouraged billionaires worldwide to buy New York real estate, betting on occasional restaurant visits and university placements.
- New York City functions as a vertical money laundering scheme where global wealth purchases real estate and prices out actual residents.
New York Cityshell corporationsMichael Bloombergglobalizationmoney launderingTokyo