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Goodbye Money Laundering: The Slide In Luxury Real Estate

Couldn't happen to a nicer group of people: ultra-rich criminals, drug dealers, despots and the mafia globally. I'm being sarcastic, of course.

It seems the greatest scheme for international money laundering is rapidly coming to an end and it couldn't come soon enough. Unfortunately, this will have some negative effects on real estate in the super-expensive cities across the county because buying of high-priced condos for cash in places like New York, Miami, L.A. and San Francisco is going to come to a screeching…