Post-Nomination, Trump Property Buyers Make Clear Shift to Secretive Shell Companies →

Nick Penzenstadler, Steve Reilly, and John Kelly, reporting for USA Today:

Since President Trump won the Republican nomination, the majority of his companies’ real estate sales are to secretive shell companies that obscure the buyers’ identities, a USA TODAY investigation has found.

Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies — corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before.

From 4 percent to 70 percent.

...

David Frum, on Twitter:

Nobody’s calling it money laundering! But if you — purely hypothetically — were money laundering via US real estate, this is how you’d do it.