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What it Is and How it Works

Article 7 of 7 in Car Insurance Claim Settlement

Subrogation can b a difficult legal concept, but is something you should understand if you receive money from your insurance company. If you are in a car accident and your car insurance policy covers you for both the damage to your car and your personal injuries, you call your insurance company, file a claim, and they pay all of your expenses relating to the accident. If the other party in the accident caused the damage, then your insurance carrier can get reimbursement from the other driver’s insurance company since its insured was actually

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How Money Laundering Works | HowStuffWorks

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As of September 2018, Paul Manafort, who served at one time as President Trump’s campaign chairman, has been found guilty on eight counts of tax and bank fraud. In a separate trial, he will be prosecuted for money laundering. The money laundering charges have to do with a scheme that follows a tried and true method for rinsing the dirt off your treasure. Manafort is alleged to have garnered millions from the former Ukrainian President Viktor Yanukovych. Rather than declare these earnings to the IRS and turn over the taxes due, Manafort is said to have placed them in offshore accounts and then used them to buy expensive real estate in the U.S.

Once he owned the properties, prosecutors say he then used them as collateral to take out millions of dollars in loans from U.S. banks. Since the money was in the form of loans rather than income,

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