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US Treasury slaps $7.1M fine on New York firm for managing properties for Putin ally
Gracetown Inc. accepted 24 payments totaling $31,250 for sanctioned oligarch Oleg Deripaska despite official warnings, the Treasury said.
- On Thursday, the U.S. Treasury Department fined a New York-based property management firm $7.1 million for managing properties linked to oligarch Oleg Deripaska, who is under sanctions since 2018.
- Deripaska has been under U.S. sanctions since 2018 for acting on behalf of a senior Russian official, and OFAC says Gracetown Inc. ignored warnings and proceeded with prohibited dealings despite blocked U.S. assets.
- Justice Department filings from 2022 link Gracetown Inc. to Graham Bonham-Carter, arrested in October 2022, and OFAC says Gracetown received $31,250 in 24 payments .
- Treasury said the enforcement action 'highlights the importance of following OFAC-issued guidance and the significant consequences that can occur from failing to do so', and John K. Hurley said 'we will continue to investigate and hold accountable those who enable sanctioned actors.'
- Gracetown Inc. couldn't immediately be reached for comment, and a lawyer who has represented Oleg Deripaska also didn't respond to requests, while Deripaska's 2017 lawsuit against The Associated Press was dismissed that October.
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US imposes $7 million penalty on company connected to sanctioned Russian oligarch
The U.S. Treasury Department on Dec. 4 fined New York-based property manager Gracetown Inc. more than $7 million for accepting payments linked to a company owned by sanctioned Russian oligarch Oleg Deripaska.
·Kyiv, Ukraine
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The US government has imposed a fine of over $7 million on New York-based Gracetown Inc. for financial transactions that violated sanctions against Russia, specifically against oligarch Oleg Deripaska. This was reported by RBC-Ukraine, citing the US Treasury Department's Office of Foreign Assets Control (OFAC). The agency noted that Gracetown must pay $7,139,305. The company was accused not only of violating sanctions but also of failing to file…
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Total News Sources46
Leaning Left10Leaning Right9Center23Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 24%
C 55%
R 21%
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