The Office of Foreign Assets Control (OFAC) of the US Treasury Department imposed a fine of $4,677,552 dollars on a certain citizen of the country who violated sanctions against Russia.
In the period from April 2023 to March 2024, this US citizen, acting on behalf of the investment company King Holdings LLC, based in Atlanta, Georgia, deliberately mortgaged, repaired and sold to an unsuspecting third party real estate owned by a relative of a Russian oligarch under sanctions.
The name of the oligarch and his relative has not been named by OFAC, but judging by the date, we are talking about Russian businessmen and their relatives, whose sanctions were imposed or strengthened on March 3, 2022. At that time, several people were sanctioned, among them the relatives of Nikolay Tokarevб the president of one of Russia’s most important companies, Transneft.
“Tokarev’s family members, including his wife Galina Alekseyevna Tokareva and daughter Maiya Nikolaevna Tokareva, have benefited from his proximity to Putin and the GoR. Maiya Tokareva’s real estate empire has been valued at more than $50 million in Moscow, Russia alone and includes at least three companies: Moscow-based Limited Liability Company Ostozhenka 19 and Zagreb, Croatia-based Katina Drustvo s Ogranicenom Odgovornoscu za Nekretnine I Ugostiteljstvo and T.G.A. D.O.O. za Trgovinu I Usluge. Katina owns prime oceanfront real estate on a Croatian island that includes a villa built by the 19th century Austrian emperor Franz Joseph I.,” the U.S. Treasury Department said in 2022.
