Acting U.S. Attorney James P. Kennedy, Jr. say 33 year-old Sergiy Bezrukov faces federal charges related to conspiracy to defraud, mail fraud, wire fraud, bank fraud, and money laundering.
Bezrukov is accused of operating two offices in Western New York and sending solicitation letters under various false and fictitious names, offering to assist small businesses with restructuring high interest loans.
After the small businesses agreed to work with the defendant and his company, Bezrukov allegedly withdrew sums of money from the accounts of the small businesses and used those funds for purposes not associated with assisting the small businesses.
In total, Bezrukov allegedly scammed approximately 200 victims out of $1.2 million dollars.
The charges again him carry a maximum penalty of 30 years in prison and a $1,000,000 fine.