Alvaro Lopez Tardon is currently facing criminal charges in Miami. Lopez, the alleged leader of Spain’s Los Miami drug gang, is thought to have laundered $26.4 million in illegal drug proceeds via the purchasing of 14 condo units from 2001 to 2006 through a number of limited liability companies (LLCs), almost all of the properties being bought
How To Launder Drug Money: Start An LLC And Buy Real Estate
An explosion in cash-only home sales reveals a possible loophole in laws designed to prevent money laundering.