Feds Will Track How Much of Miami’s Real-Estate Boom Is Being Fueled by Money Laundering
The dirty secret of Miami’s latest luxury condo boom? Some of those sky high penthouses are being bought by international criminals and other shady individuals in order to launder money. How many? Well, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) wants to find out. Take Spanish drug kingpin Alvaro Lopez…