Russia’s Richest Invested About $100 Million in Donald Trump Florida Properties

Who are the wealthy Russia's richest who have invested a total of almost $100 million worth of properties owned by U.S. President Donald Trump?
Russia's richest invested about $100 million in Donald Trump Florida properties

Russia’s richest invested about $100 million in Trump Florida properties

Who are the wealthy Russian citizens who’ve invested a total of almost $100 million worth of properties owned by U.S. President Donald J. Trump? An investigative report by Reuters digs into that question.

Their review “found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida.”

No comment from the White House, but a legal rep with the Trump Organization told Reuters “This is an overblown story that is media-created.”

Alan Garten added, “I’ve been around this company and know the company’s dealings.”

The Reuters review of Russian investors in Trump’s Florida condos found “no suggestion of wrongdoing by President Trump or his real estate organization,” and none of the buyers “appear to be from Putin’s inner circle.”

Snip from Reuters:

But in the United States, members of the Russian elite have invested in Trump buildings. A Reuters review has found that at least 63 individuals with Russian passports or addresses have bought at least $98.4 million worth of property in seven Trump-branded luxury towers in southern Florida, according to public documents, interviews and corporate records.

The buyers include politically connected businessmen, such as a former executive in a Moscow-based state-run construction firm that works on military and intelligence facilities, the founder of a St. Petersburg investment bank and the co-founder of a conglomerate with interests in banking, property and electronics.

People from the second and third tiers of Russian power have invested in the Trump buildings as well. One recently posted a photo of himself with the leader of a Russian motorcycle gang that was sanctioned by the United States for its alleged role in Moscow’s seizure of Crimea.(…) The tally of investors from Russia may be conservative. The analysis found that at least 703 – or about one-third – of the owners of the 2044 units in the seven Trump buildings are limited liability companies, or LLCs, which have the ability to hide the identity of a property’s true owner. And the nationality of many buyers could not be determined. Russian-Americans who did not use a Russian address or passport in their purchases were not included in the tally

This article was originally published on Boing Boing. Read the original article.