The U.S. Treasury Department on Thursday fined a New York property management firm $7.1 million, alleging it violated federal sanctions by overseeing luxury real estate tied to Russian oligarch Oleg Deripaska. Treasury’s Office of Foreign Assets Control said Gracetown Inc. handled 24 payments totaling $31,250 between 2018 and 2020 for a company owned by Deripaska, despite being warned that any dealings with the sanctioned billionaire were prohibited. Deripaska, a metals magnate with

Tag-uri: Real Estate