The United States Department of Justice announced the filing of a civil forfeiture complaint to seize over $3.4 million in proceeds from the sale of a Southern California music studio owned by Russian oligarch Oleg Deripaska.
Mr. Deripaska acquired the Burbank music studio in 2008 through shell companies. After his 2018 designation as a Specially Designated National (SDN), Deripaska’s associates facilitated the sale of the studio and its contents, generating proceeds that were allegedly funneled through a series of transactions designed to evade sanctions.
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