How secret offshore money helps fuel Miami's luxury real-estate boom
At the end of 2011, a company called Isaias 21 Property paid nearly $3 million — in cash — for an oceanfront Bal Harbour condo. But it wasn’t clear who really owned the three-bedroom unit at the newly built St. Regis, an ultra-luxury high-rise that pampers residents with 24-hour room service and a private butler.In public records, Isaias 21 listed its headquarters as a Miami Beach law office and its manager as Mateus 5 International Holding, an offshore company registered in the British Virgins..>> view originalSecret Shell Game: A global investigation of offshore companies
The Miami Herald spent months investigating how people accused of wrongdoing abroad used offshore shell companies to buy South Florida real estate. “Secret Shell Game” was based on an analysis of 11.5 million secret files from inside Mossack Fonseca, a Panamanian law firm. For decades, the world’s wealthiest and most politically connected people have asked Mossack Fonseca to create offshore companies and other opaque corporate entities.Confidential sources leaked the MF files to German newspape..>> view originalThird-ranked Miami Hurricanes baseball team sweeps Tar Heels
For the better part of the last month, the Hurricanes baseball team has been on a tear.There have been walk-off wins. Comebacks. Even a pair of milestone victories for coach Jim Morris. The good times continued for third-ranked Miami on Sunday as it swept its three-game series against North Carolina with a 7-4 win over the seventh-ranked Tar Heels at Mark Light Field.With the win, the Hurricanes have now won 12 of their past 13, swept their past two ACC opponents and won four consecutive series..>> view originalVIDEO: Miami landlord in jail over altercation about stray cats
State inspectors temporarily closed two Tampa Bay eateries from March 21 to 25, 2016. We’ve listed the restaurants that were closed below, a…>> view originalMiami fugitive on run for 20 years found in Nicaragua
MIAMI — A fugitive from Miami who has been on the run for almost 20 years is back in federal custody after he was arrested in Nicaragua.Robert Allen Lopez, 49, was arrested on Nov. 14, 2015, and deported to Miami on Saturday by a team of deputy U.S. Marshals. According to Barry Golden, who is a spokesman for the Marshals Service, Lopez was deported because he crossed into Nicaragua by foot and was in the country illegally. In December 1995, Lopez pleaded guilty to federal Medicare fraud charges..>> view original
Sunday, April 3, 2016
How secret offshore money helps fuel Miami's luxury real-estate boom and other top stories.
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