A property management company in New York just got hit with a hefty $7.1 million penalty this Thursday. The U.S. Treasury Department says the firm broke sanctions rules by handling high-end real estate for Oleg Deripaska—a Russian oligarch with some pretty well-known Kremlin connections.
Not exactly a small oversight when you're managing luxury properties for someone on the sanctions list. Treasury's clearly sending a message here about enforcement.
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ShibaSunglasses
· 11h ago
Whoa, $71 million is gone. This guy really isn't afraid of anything.
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AlphaBrain
· 11h ago
Haha, $710 million just to help the oligarchs launder property? This company is really something else.
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BlockchainBard
· 11h ago
You think a $7.1 million fine is enough to settle things? How does this guy still dare to deal with people on the sanctions list...
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GasFeeCrybaby
· 11h ago
Another one got busted... 7.1 million just vanished like that. Is it really worth cleaning up the mess for the blacklisted oligarchs?
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ApeWithAPlan
· 11h ago
A $71 million fine just to launder real estate for oligarchs—this deal is a huge loss, haha.
A property management company in New York just got hit with a hefty $7.1 million penalty this Thursday. The U.S. Treasury Department says the firm broke sanctions rules by handling high-end real estate for Oleg Deripaska—a Russian oligarch with some pretty well-known Kremlin connections.
Not exactly a small oversight when you're managing luxury properties for someone on the sanctions list. Treasury's clearly sending a message here about enforcement.