Some Immigrants are Criminals...High-Income Immigrants who Buy Passports and Launder Money through Real Estate

For sale to the richest criminal?

The EU is getting ready to crack down on the sale of citizenship in Europe, arguing that it facilitates money laundering and tax evasion by criminals. The sale of passports allows small states to raise a lot of tax revenue, but why would a billionaire want to buy citizenship in Malta? Well, maybe they love the weather. Or maybe they want to launder some money. Lots of countries offer citizenship or residency in exchange for cash, including the US.

It's worth asking during today's fraught immigration debate - where is the real risk of criminality coming from? Is it from gangs and drug dealers sneaking across the border, as President Trump maintains, or is it actually from some of his wealthy friends, who hide their stolen money in foreign real estate and buy passports to protect themselves and launder money? You decide.