Amazon workers have stolen nearly $10 million from businesses to buy homes and luxury cars, says FBI – Miami Herald | NutSocia

Amazon employees pleaded guilty after prosecutors said they stole nearly $10 million from the company. Paul Sanya AP Two Amazon employees went on a spending spree, buying real estate, diamond jewelry and several luxury cars after stealing $9.4 million from the company in a matter of months, federal prosecutors say. A former Amazon operations executive … Read more

Amazon workers stole nearly $10 million from Feds company – Miami Herald | NutSocia

Amazon employees pleaded guilty after prosecutors said they stole nearly $10 million from the company. Paul Sanya AP Two Amazon employees went on a spending spree, buying real estate, diamond jewelry and several luxury cars after stealing $9.4 million from the company in a matter of months, federal prosecutors say. A former Amazon operations executive … Read more

Regulator warned 127 on financial crime compliance – Bahamas Tribune | NutSocia

• All clear for US$306 million in residential home sales • Bahamas “probably not a real estate laundering center” • But three law firms were fined for failing to assess risk BY NEIL HARTNELL Tribune Business Editor nhartnell@tribunemedia.net Bahamian regulators have warned 127 law and real estate firms for failing to comply with financial crime … Read more

Co-ownership of holiday homes finds buyers in India and democratizes the luxury market segment – The Hindu | NutSocia

For generations, villas in sleepy coastal towns and cottages in remote mountainous regions sat empty most of the year. Only the wealthy could afford this luxury, which required significant investment and extensive maintenance – all for an average stay of 40 days a year. Common sense says these homes work better when shared. In 2020-21, … Read more

Sotheby’s Concierge Auctions Announces November Sales – Including Sale of Mountain Retreat Near Boulder, – EIN News | NutSocia

7526 Spring Drive in Boulder, Colorado Scimitar Ridge Ranch north of Seattle, Washington 1145 Cypress Cove Road in Spring Branch, Texas Masseria Mimosa in Matera, Italy Sotheby’s Concierge Auctions is pleased to announce that the following properties are now under contract following a highly competitive auction in November. The care and attention shown by the … Read more

Entry-level homes still in short supply, while higher-end homes see relatively higher consumer interest – Realtor.com News | NutSocia

Highlights: Between Jan-Oct In 2022, the median price of homebuyer listing views was $30,000 below the median listing price on average. In October 2022, the percentage of listings relative to the percentage of listing views appears to be leveling out in the $310,000-$390,000 range. While the price range is similar in 2019, today’s homebuyers face … Read more

How Realtors Can Participate in the Real Estate-as-Entertainment Trend – Inman | NutSocia

Join the extraordinary and become a broker with Sotheby’s International Realty.learn more A trend has emerged in luxury real estate: Long before potential buyers buy properties, they’re consuming high-end home and lifestyle content for entertainment – and leading realtors are leaning in. Shelton Wilder “Social media is my social proof,” says Shelton Wilder, real estate … Read more

$70,000 chandelier highlights $5.9 million ‘Fix and Flip’ home – Las Vegas Review-Journal | NutSocia

walls speak. A dramatic Neolithic wall, located in the great room at 1 Boulderback Drive, communicates from the moment you step inside. “It changed the whole feel of home,” said SK Design director and owner Shelly Kramarczuk. “I am in love with the Neolith line of products. It’s so rich in looks and appeal.” Kramarczuk … Read more

Sam Bankman-Fried ran FTX like a ‘personal fief’ as the firm spent $300m on luxury real estate – New York Post | NutSocia

Sam Bankman-Fried treated FTX like a “personal fiefdom” as he and a handful of employees raided the now-defunct crypto exchange’s coffers to fund an epic spending spree that included a $300 million squandering on Bahamas real estate, the company’s lawyers claimed. FTX’s bankruptcy team detailed the 30-year-old bankman-fried’s wild spending in a closely watched court … Read more

Will there be an increase in NRI investments in luxury real estate due to the devaluation of the rupee? – The financial express | NutSocia

– By Harrish Kumar Jain Despite the many ups and downs that have followed financial markets since the Covid-19 pandemic, real estate has bucked the tide by offering stability and a great alternative store of value. Real estate continues to be one of the most lucrative asset classes in India, offering great variety and a … Read more