The FBI has released a report that they believe the massive expansion into the nationwide real estate market has unleashed a wave of suspected money laundering.

At first they were investigating the mortgage industry, but now they say that is seems to be prevalent in the commercial real estate business as well.

It’s no secret that southern Nevada is one of the fastest growing and most lucrative commercial and residential real estate markets in the nation. Special Agent Ted Elder says that this is no surprise; the FBI has been investigating in the area for some time.

Agent Elder says that there is mass residential fraud happening in the area and he believes that if it’s happening on the residential side then it is happening on the commercial side as well.

The FBI is focusing local resources on investigating real estate related fraud in the Las Vegas area.

There are multiple investigations currently underway, however the FBI will not comment specifically about ongoing investigations.

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