1. Stream of Foreign Wealth Flows to Elite New York Real Estate

But The Times also found a growing proportion of wealthy foreigners, at least 16 of whom have been the subject of government inquiries around the world, either personally or as heads of companies. The cases range from housing and environmental violations to financial fraud. Four owners have been arrested, and another four have been the subject of fines or penalties for illegal activities.

The foreign owners have included government officials and close associates of officials from Russia, Colombia, Malaysia, China, Kazakhstan and Mexico.

Mexican Political Family
Has Close Ties to Ruling
Party, and Homes in the U.S

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By LOUISE STORY and ALEJANDRA XANIC von BERTRABFEB. 10, 2015

Photo

José Murat Casab, left, a former governor of Oaxaca and an influential member of the Institutional Revolutionary Party. Members of his immediate family have bought at least six properties in the United States, records and interviews show. Credit Said Hernandez/Revistatucan.com