
Investor Hit with Record $4.7M Penalty Over Russian Mansion
An Atlanta investor faces a record $4.7 million U.S. Treasury penalty after buying a foreclosed mansion linked to a sanctioned Russian oligarch's family.
#US Sanctions#Real Estate#OFAC
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An Atlanta investor faces a record $4.7 million U.S. Treasury penalty after buying a foreclosed mansion linked to a sanctioned Russian oligarch's family.

Autocratic governments in China and Russia leverage real estate as a tool for political control and wealth preservation, distorting market forces and limiting private ownership rights.

Sanctioned Russian bankers invested over $59 million in U.S. real estate and transferred the properties to an ex-wife to evade impending asset freezes.