American Kleptocracy by Casey Michel is an interesting and timely book describing who and how money is moved about globally. What is frustrating and disturbing to learn is although most of the money is not stolen in the US, much of it is transferred into the US where it goes from dirty to clean money legally! Mr. Michel is an Adjunct Fellow for the Hudson Institute’s Kleptocracy Initiative, and has contributed research pertaining to offshoring, illicit finance, and foreign interference to the German Marshall Fund, the Human Rights Foundation, as well as others.
The money flows into the US with the assistance of US lawyers and set up in shell companies mainly in Delaware, South Dakota and Nevada, three states that have made it possible to set up an Anonymous Shell Company in less than one hour. Some of the people described with vast sums of stolen money meaning over 1 billion dollars are from Equatorial Guinea and Ukraine. In the case of Teodore Obiang now VP of Equatorial Guinea who among ways to “wash” his money bought up all the Michael Jackson items including the famous glove. In this case the harm is mainly to the people of Equatorial Guinea who have lost much of the revenue that could be used to make the country more livable. In the case of Ukraine, the oligarch Ihor Kolomoisky not only ransacked the Ukraine economy he and his cohorts purchase steel mills and office buildings in middle America which they ran into the ground but as Michel explains the money is now free and beyond the grasp of Ukraine while at the same time causing massive financial pain to hard working middle class Americans. So the key point is it does impact the US and at this point we do not know how large this problem may be since all the money and who it belongs to is still hidden.
I believe this is an excellent book to begin to understand this issue and problem for America. It is well written without technical jargon and will make you a bit more informed about an important issue for America.

An eye opening debut Casey Michel leaves no stone unturned in her investigation into corrupt off shore money schemes.There is so much going on things the average person would no nothing about without dogged investigators like this author.Highly recommend.#netgalley #st.Martins

When people think of off-shore money havens, they usually think of places like the Caymans. But, in fact, as author Casey Michel shows in his book, American Kleptocracy, the US has become one of the world’s biggest and most popular places for off-shore tax havens and money laundering.

In this well-wriitten, well-documented, and surprisingly readable book, he describes the history of the rise of US offshore havens from its start in states like New Jersey to its rapid spread to other states who saw all the money rolling in and wanted in on it. She also introduces us to some of the people offering this ‘service’ and those taking advantage of it’ from African despots to Russian oligarchs. A truly eye-opening book.

<i>Thanks to Netgallet and St Martin’s Press for the opportunity to read this book in exchange for an honest review</i>

This book covers a very important subject matter that's really not talked enough about in today's media. The book is very well researched and covers a lot of ground in a succinct and well-written way.