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Purchasing Real Estate Could Be A Felony?

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Manage episode 222739124 series 2084625
Content provided by Victor Menasce. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Victor Menasce or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Amazon.com deal for a second headquarters in Long Island City, N.Y., has prompted NY State senator Michael Gianaris to draft legislation that would prohibit the buying or selling of real estate based on any nonpublic government action. The idea behind the legislation is the that the law would be similar to federal securities law that bars an individual from trading stock in a public company based on nonpublic information. Senator Michael Gianaris, a Democrat who represents Long Island City and Astoria in Queens, is drafting the proposed law. It would make such real-estate transactions a felony punishable by up to four years in prison. The implications of this are far reaching. Pay attention to what your local government is proposing.
  continue reading

2287 episodes

Artwork
iconShare
 
Manage episode 222739124 series 2084625
Content provided by Victor Menasce. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Victor Menasce or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Amazon.com deal for a second headquarters in Long Island City, N.Y., has prompted NY State senator Michael Gianaris to draft legislation that would prohibit the buying or selling of real estate based on any nonpublic government action. The idea behind the legislation is the that the law would be similar to federal securities law that bars an individual from trading stock in a public company based on nonpublic information. Senator Michael Gianaris, a Democrat who represents Long Island City and Astoria in Queens, is drafting the proposed law. It would make such real-estate transactions a felony punishable by up to four years in prison. The implications of this are far reaching. Pay attention to what your local government is proposing.
  continue reading

2287 episodes

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