Deripaska was on the list of seven billionaires sanctioned by the U.S. government in 2018 for profiting from Moscow\u2019s \u201cmalign activity around the globe\u201d and has been accused of money laundering on behalf of Russian President Vladimir Putin.<\/b>
\nThe Federal Bureau of Investigation on Tuesday raided the home of Russian billionaire Oleg Deripaska in Washington, D.C., multiple publications reported, but it was unclear why. In February 2020, the U.S. Treasury Department accused Deripaska of laundering money for Russian President Vladimir Putin. Deripaska told Forbes the accusations against him were a \u201cmish-mash of total nonsense\u201d and \u201cjust hearsay and unfounded gossip.\u201d In 2018, the U.S. Treasury Department sanctioned Deripaska and six other Russian billionaires and their companies for profiting from Russia\u2019s \u201ccorrupt system.\u201d The following year, Deripaska unsuccessfully sued the U.S. Treasury Department, then-Treasury Secretary Steve Mnuchin and Director of the Treasury Department\u2019s Office of Foreign Assets Control Andrea Gacki. Deripaska has also made headlines for his ties to former President Donald Trump\u2019s campaign chairman Paul Manafort. In 2018, it was revealed that Deripaska had loaned $10 million to Manafort. The Russian government reportedly granted a diplomatic visa to Deripaska after the U.S. refused to issue a visa to him multiple times due to his alleged connections to illegal activities. Deripaska was worth $4.9 billion as of Tuesday, according to Forbes\u2019 real-time net worth tracker. Deripaska amassed his wealth as the founder of Basic Element, an industrial group involved in energy and construction. He used to be the wealthiest person in Russia and the eighth wealthiest in the world in 2008, but his fortune took a hit due to crashing markets amid the financial crisis that year and debts. FBI agents swarm Washington home of Russian oligarch Oleg Deripaska (NBC News) FBI raids home of Russian oligarch and Putin associate Oleg Deripaska (CNBC) Russian Billionaire Oleg Deripaska Describes U.S. Money Laundering Accusations As \u2018Mish-Mash Of Total Nonsense\u2019 (Forbes) Russian Billionaire Vs. The U.S. Government: A Look At Oleg Deripaska\u2019s Puzzling Lawsuit (Forbes)<\/p>\n