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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TxFailedvip
· 12-06 19:05
ngl this is peak "we didn't read the compliance memo" energy... $7.1M to learn what a sanctions list actually is. treasury really said "compliance isn't optional" and honestly? deserved. managing oligarch real estate in 2024 is like... the textbook edge case alert for why you actually need legal reviews. classic mistake that saved literally nobody any ETH but cost someone their entire quarter.
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NftBankruptcyClubvip
· 12-06 03:43
Damn, $710 million just to launder real estate for Russian oligarchs? That’s some next-level guts.
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FundingMartyrvip
· 12-05 22:58
710 million USD, that's quite the move. Do they really think the sanctions are just for show?
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ShibaSunglassesvip
· 12-05 04:03
Whoa, $71 million is gone. This guy really isn't afraid of anything.
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AlphaBrainvip
· 12-05 04:03
Haha, $710 million just to help the oligarchs launder property? This company is really something else.
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BlockchainBardvip
· 12-05 04:01
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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GasFeeCrybabyvip
· 12-05 03:56
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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ApeWithAPlanvip
· 12-05 03:52
A $71 million fine just to launder real estate for oligarchs—this deal is a huge loss, haha.
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