IS DIRTY MONEY FUNDING THE EXTELL PROJECT IN YONKERS? The Yonkers IDA is also backing the $500+ million project of approximately 20 acres of Yonkers waterfront land that will consist of seven buildings totaling approximately 1,395 residential units and approximately 48,280 square feet of commercial space.... https://newyork.town.news/g/new-york-ny/n/60292/money-laundering-shady-kazakh-cash-building-nycs-poshest-towers MONEY LAUNDERING??? Shady Kazakh Cash Is Building NYC’s Poshest Towers NEW YORK POST: What do two lavish new condo towers coming to the Upper West Side and Midtown have in common? Connections to dubious Kazakh cash. NY POST PHOTOS: Extell boss GaryBarnett and #Kazakhstan’s former oil and gas minister Sauat Mynbayev. Extell's Backer Incorporated in #Bermuda, Kazakhstan’s largest private bank, Meridian is an international investment firm headquartered in Hong Kong with interests in high-end New York real estate, according to confidential documents leaked from a Bermuda law firm and shared as part of the “Paradise Papers.” Today, Kazakhstan is on fire thanks to the anti-corruption protests as 2,500 Russian troops have now largely quashed the protesters on behalf of president Kassym-Jomart Tokayev, with 12,000 people detained. Real estate in New York been “a favorite placement vehicle for kleptocrats, corrupt officials and criminals,” said Louise Shelley, director of the Terrorism, Transnational Crime and Corruption Center at George Mason University. “Until very recently, the US government had almost no legal actions it could take against money laundering in real estate.” “Why is Kazakh money moving to New York to build a beautiful tower to benefit very wealthy buyers instead of being invested in Kazakhstan?” Jack Blum, a legendary money laundering and tax evasion expert and former US Senate staff attorney asked. “Can Meridian Capital demonstrate that its source of funds is legitimate? There’s a strong possibility that it isn’t.”
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