This stuff bothers me...

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
 
Thread Tools
  #1  
Old 02-07-2015, 02:18 PM
Guest
n/a
 
Posts: n/a
Default This stuff bothers me...

"On the 74th floor of the Time Warner Center, Condominium 74B was purchased in 2010 for $15.65 million by a secretive entity called 25CC ST74B L.L.C. It traces to the family of Vitaly Malkin, a former Russian senator and banker who was barred from entering Canada because of suspected connections to organized crime. Last fall, another shell company bought a condo down the hall for $21.4 million from a Greek businessman named Dimitrios Contominas, who was arrested a year ago as part of a corruption sweep in Greece. A few floors down are three condos owned by another shell company, Columbus Skyline L.L.C., which belongs to the family of a Chinese businessman and contractor named Wang Wenliang. His construction company was found housing workers in New Jersey in hazardous, unsanitary condition"

http://www.nytimes.com/2015/02/08/ny...ndos.html?_r=0

"But The Times also found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world, either personally or as heads of companies. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities.
  #2  
Old 02-07-2015, 07:07 PM
Guest
n/a
 
Posts: n/a
Default

Nothing new. Foreign investors in real estate here has been common for quite a long time, now. The fact that some are criminals is nothing new, either. For most of these purchasers, it is a tax dodge against their native countries. They are rarely, if ever, at these places. What bothers me is that the city taxes paid are minimal at best. It is time NYC changed their tax laws and quit giving breaks for building and investing in condos.
 

Thread Tools

You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 11:45 PM.