HOW TO IDENTIFY MONEY LAUNDERING FRAUDSTERS WHILE BUYING LAND
There are quite a few people who always prefer laundering money through property or real estate projects because they know that’s where money is mostly splashed or is in abundance.
Now, below are facts that will help you realize that those are money launderers.
They only accept Cash Buyers and don’t entertain any other form of transaction because they know it will leave them to prove that you paid them, and it will be easier for you to sue them than the other way around, where they will just write fake documents for you.
They set up an unusual sale price, like a large acre or project would go at a throwaway price, and you would be like, Why are they selling at that price? If you ask, they will definitely tell you that it is an offer that’s going on, when in a real sense they just want to get it over with quick.
The Buyer can exaggerate the selling land price at times; it can be extreme, which is legally okay; there is nothing wrong with it, but if you care enough to ask why the price is the way it is, they don’t have a valid explanation as to why they are doing so.
Payments made are usually from different individuals or sources; if there’s no one identified fixed number that does the transactions, you are more likely to expect transactions from different numbers, names, or other third parties.
There are also very fast changes when it comes to ownership that, if you ask, aren’t well explained as to why the same has been done, only that there were some changes.
