Debt Settlement Scammer Set For Prison Release

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Sergiy Bezrukov, the mastermind behind a debt settlement scheme that wreaked havoc on merchants and MCA funders in 2015, is on pace to be released from prison on July 6, 2021, federal records say.

Bezrukov was sentenced to 66 months in prison starting in July 2019 and ordered to pay $1.2 million in restitution to victims.

Assistant U.S. Attorneys Wei Xiang and Mary Clare Kane, who worked on the case, stated at the time that Bezrukov “solicited small businesses across the United States that were operating with merchant cash advances to ‘restructure’ their ‘debt’ with him. The defendant fraudulently induced the businesses to stop paying their original obligations, and to pay him instead.”

He will have served a third of his sentence when he is released.

Last modified: February 1, 2021

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