Reuters finds Russians paid $98.4 million for Trump-branded Florida condos
Reuters investigation revealed at least 63 Russian nationals invested $98.4 million in Trump-branded properties in South Florida, primarily in Sunny Isles Beach. The buyers purchased units at Trump Grande, Trump Towers, and Trump Hollywood, with about one-third of all units owned through LLCs that mask true ownership. Most purchases were all-cash transactions over $1 million each, and owners didn’t declare these assets in Russia, fitting patterns associated with money laundering though no illegality was proven.
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