Professor Shima Baughman was quoted in NY Magazine in a story titled, “The Feds Just Blew Up the Allure of New York City’s High-End-Condo Market: Anonymity.”
“It is definitely worth investigating these all-cash transactions,” says Shima Baradaran Baughman, a law professor at the University of Utah. “I worry, though, that it will be hard to actually get to the bottom of where the money is coming from, because there can be layers of LLCs before you get to an actual individual behind it.”