National security is trumped by East Texans selling real estate to illegal aliens
The Financial Crimes Enforcement Network (FinCEN) was established in 1990 under the U.S. Treasury Department to combat illicit financial activity. FinCEN collects data on foreign bank transactions including the Mexican cartel fentanyl trade and money laundering that finances terrorism. It operates under regulations spelled out in the Corporate Transparency Act enacted in 2021. One CTA rule was the reporting of cash and non-cash real estate transactions, including the personal information of foreign nationals involved in land sales. Revised rules will go in effect in December 2025 that exempt US citizens and companies. (Source: Federal Register, March 26, 2025)
Addressing small business compliance concerns, Treasury Secretary Scott Bessent adjusted Beneficial Ownership Reporting (BOI) requirements for US formed companies, requiring only foreign entities to report their business transactions within the United States. US citizens working within foreign companies are not required to participate. The Texas Farm Bureau lauds the pending regulation overhauls:
That means Texas farms, ranches and agricultural businesses will no longer be required to submit information regarding individuals with major roles in those businesses. This applies to both existing businesses and new businesses established as corporations, limited liability companies or limited trusts in Texas.
“It is important to reign in burdensome regulations to the benefit of hard-working American taxpayers and small businesses,” U.S. Treasury Secretary Scott Bessent said in a statement. (Texas Farm Bureau, April 15, 2025)
Despite the national security benefits and ease of use, the FinCen is
facing a local legal challenge on its "personal data collection"
policies. Because the Trump administration is cutting out the administrative paper pushers and doing something good for commerce every voter agrees with, some immigration law firms hope to pull a Letitia James by attacking it and calling it bad. They'll openly file in court that cutting waste and fraud is akin to identity theft, like they do scaring old people with Social Security overhauls. They can't have Trump winning on an issue they make their livings exploiting. And like Letitia James, they get paid to invert reality when their red tape is cut.
Every small business owner knows how easy it is to submit financial records such as their updated BOI to the IRS. Even with the streamlined reporting process and the fraud deterrent, East Texas land developers and their cronies plan to file lawsuits to block the reporting rules of foreign transactions. Illegal aliens pay cash when they put a down payment on a house, while the title is held by the same developers financing them. This results in massive fraud and abuse that was even recently prosecuted by the Biden DOJ. (Source: United States v. Colony Ridge Development, LLC (S.D. Tex.)- Dec. 2023)
(Source: East Texas Title Company files lawsuit against U.S. Secretary of Treasury Bessent - KETK)
Here comes the judge shopping.
The Eastern District of Texas is always the testing ground for counterintuitive lawsuits and ridiculous judgments. The East Texas Title Company, servicing RINO Colony Ridge territory, has partnered with the west coast Pacific Legal Foundation to block reporting of cash real estate sales to non-citizens.
Flowers Title Companies, LLC v. Bessent, 6:25-cv-00127
Texas title companies are subject to the Bank Secrecy Act (BSA) and related anti-money laundering regulations. Specifically, they are required to comply with FinCEN's regulations, which include record keeping and reporting requirements for certain real estate transactions. These requirements aim to prevent and detect money laundering and other financial crimes.
Interim FinCEN rules apply only to transactions involving foreign nationals. Why would an East Texas land title company sue the federal government for helping their business lower their own insurance risks? No more land title record searches at the county courthouse? It's preposterous enough to make it up to the Fifth Circuit docket. Their attorneys claim the US Treasury is "unethically collecting data from citizens," when in reality their litigation is design to protect the anonymity of foreigners buying up property for illegal alien settlements. Like those in Colony Ridge located in Montgomery County, courtesy Texas Senator Robert Nichols and former State Rep. Ernest Bailes and HB 4341. (Source: Texas Attorney General, Oct. 19. 2023)
On April 14, 2025 Montgomery County Sheriff's Office Special Victims Unit arrested two illegal aliens for the continuous rape of a 14-year old girl. David Rey Santoyo-Penaranda and Gary Morales-Alarcon have both been charged with the continuous sexual assault of a child and are currently on ICE detainers. (Source: Woodlands Online, April 14, 2025)
Those 40 million illegal aliens have to live somewhere.
Anyone with two working brain cells understands Texas title companies would save millions on title insurance claims by properly documenting real estate transactions, protecting both new property owners and mortgage lenders from claim conflicts. So why the smoke and mirrors? Does the TDI endorse this lawsuit? Of course not; it's a shell game betting on the legal ignorance of potential East Texas jurors. It's not about some extra paperwork involved in notifying the federal government of a real estate transaction with a foreign entity. It's an attempt to obfuscate a federal regulation that exposes who the sellers and buyers of East Texas property actually are as more land gets gobbled up by drug cartels, Chinese nationals and Fundamental Islamist communes. (Source: Community divided over proposed Muslim-focused EPIC City in Collin County amid state investigations, April 1, 2025 CBS)
Even John Cornyn has called for a DOJ investigation of the proposed Islamic EPIC city south of Dallas.
(Source: Sen. Nichols’ proposed SB 1902 would keep old plates for new cars, March 14, 2025 KTRE)
No comments:
Post a Comment