I saw this in the Baku deal: a public signatory and a side-letter explaining that the public signatory was not the true owner.

The money flow could operate on different time lines and scales.

A huge amount could be simply held, in property, for decades.

8/

But there would be many ways to move funds all year round. The restaurants and bars could move cash. The big redevelopment projects could move far more.

Look at the deals Manafort had with his tailor and house builder. They were crude and simple but, apparently, effective.

9/

For 15 years, the Trump Org has claimed its Scottish properties will be worth billions--they have built and moved and rebuilt several courses, ball rooms, sleeping areas, etc.

A massive outlay of funds for business that have never ever made a dollar.

10/

Or a pound.

This was designed for minimal scrutiny. Which makes sense--nobody cared what Trump was doing in Scotland in 2011.

It requires subpoena power to prove.

11/end