Selected Articles - Michael Novakhov's favorite articles on Inoreader - The News And Times
Co-op and condo boards love it. Developers hate it. It’s the new regulation issued by the U.S. Treasury Department that cracks down on anonymous owners of Limited Liability Companies (LLC) – also known as shell companies – who pay for pricey Manhattan apartments with cash.Aimed at preventing money laundering by foreign buyers, the new regulation requires...
In a typical condo sale, once a unit goes into contract, the seller sends a letter to the board with the details of the deal, requesting that the board waive its "right of first refusal" -- i.e., the building's right, stated in bylaws, to buy the apartment for the same price agreed in the contract. Bylaws typically require the waiver to be issued within...
Criminals like Bernard Madoff and other so-called “white collar” lawbreakers have made headlines recently with their financial double-dealings, but unfortunately, fiscal mismanagement and fraud also happen in co-op and condo communities. The scale is much different obviously, but an apartment is a major investment, and residents of a building...
SKIP ADVERTISEMENTBy Ralph Blumenthal With Celestine BohlenCredit...The New York Times ArchivesSee the article in its original context from June 4, 1989, Section 1, Page 1Buy ReprintsTimesMachine is an exclusive benefit for home delivery and digital subscribers.This is a digitized version of an article from The Times’s print archive, before the start...
Jewish Tribal Review DRUGS AND DRUG MONEY LAUNDERING WITHIN JEWISH NETWORKS: THE ‘RUSSIAN MAFIA,' 'ULTRA-ORTHODOX' CORRUPTION, AND OTHER CRIMINALS Jews in America have been prominent in the narcotics underworld since the early twentieth century. As Rich Cohen notes: "The first major American drug dealer was probably Arnold Rothstein ... [COHEN,...
“What lingers for Trump may be what deals—on what terms—he did after the financial crisis of 2008 to borrow Russian money when others in the west apparently would not lend to him.” —Sir Richard Dearlove, former head of Britain’s MI61 “To keep kompromat on enemies is a pleasure. To keep kompromat on friends is a must.” —Yulia Latynina, Russian writer...
Two Bank of New York employees have been suspended while investigators try to determine if they played a role in the plot, a source said. Russian mobsters may have funneled as much as $10 billion through accounts at the Bank of New York in a massive money-laundering scheme, a source close to a federal investigation into the scam said yesterday....
THE Russian mafia is developing into a many-armed criminal enterprise that operates with surprising sophistication in world capitals tens of thousands of miles from the onion-domed spires of Moscow.From the old outposts of the Soviet empire to the United States and Western Europe, Russian mafiosi are becoming more than a curious irritant to law-enforcement...
SKIP ADVERTISEMENTCredit...The New York Times ArchivesSee the article in its original context from August 23, 1994, Section A, Page 1Buy ReprintsTimesMachine is an exclusive benefit for home delivery and digital subscribers.This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996. To preserve...
In the 1980s, a now-famous federal prosecutor dusted off a seldom-used legal theory to pursue mobsters, bankers and other criminals. That theory was the Racketeer Influenced and Corrupt Organizations Act, known by its acronym RICO. The prosecutor was Rudy Giuliani. Due in large part to his successful deployment of the act, Giuliani made himself and...
The Washington Post reported on Friday that Fulton County, Georgia District Attorney Fani Willis is considering indicting former President Donald Trump for violating her state’s “Racketeer Influenced Criminal Organization” statute, or RICO. Less discussed, while the “indictment watch” continues in Special Counsel Jack Smith’s classified documents case...
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