Property laudering?

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Does anyone know what "property laundering" mean?

2007-12-18 13:43:45 · 2 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics

2 answers

I know money laundering means they funnel money through other avenues to keep quiet what is really going on. So property laundering must be they are selling or giving away property that is hot in a covert way.

2007-12-18 13:52:08 · answer #1 · answered by MadforMAC 7 · 0⤊ 0⤋

Do you know if that is happening in the U.S.? I believe so. Since the value of the dollar has dropped incredibly low, there are foreigners who are buying land here. They are purchasing high end property.

2007-12-18 22:24:33 · answer #2 · answered by Snoot 5 · 0⤊ 0⤋