A Ukrainian Oligarch Bought a Midwestern Factory and Let it Rot. What Was Really Going On? – POLITICO

A photo of downtown Harvard, Illinois, taken on July 11, 2009.

The story of Harvard suggests that lax U.S. laws around shell companies and real-estate purchases, in addition to a broader lack of regulatory oversight, may be putting America’s heartland in the crosshairs of elites like Kolomoisky. It’s a reality of global corruption that U.S. lawmakers are only just starting to grapple with: As money-launderers and illicit financiers hide their money in the American Midwest, they’ve become part of the story of the decline of small-town, blue-collar America.

Source: A Ukrainian Oligarch Bought a Midwestern Factory and Let it Rot. What Was Really Going On? – POLITICO