Despite his recent attacks on immigrants, Republican presidential candidate Donald Trump has a long history selling real estate to wealthy foreigners. Here, the Miami Herald takes a look at some of those buyers who have been the subject of U.S. government investigations.
They include members of a Russian-American organized crime group, a Venezuelan oilman convicted in a bribery scheme and a Mexican banker accused of robbing investors of their life savings. Nothing Trump and his partners did was illegal, although they profited from a South Florida real estate market that regulators and former law enforcement officials believe is tainted by dirty cash. That’s because lobbying has left real estate unregulated compared to many other industries where money laundering abounds. The purchases highlighted by the Herald show how easily illicit funds from around the world can worm their way into local real estate.