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Two Florida Steel Traders Sentenced for Money Laundering and Russia-Ukraine Sanctions Violations

John Can Unsalan, also known as Hurrem Can Unsalan, the president of Metalhouse LLC, a steel trading firm based in Orlando, Florida, has been sentenced to six years in prison for his involvement in a money laundering conspiracy. His former business associate, Sergey Karpushkin, a Belarusian national residing in Miami, was also sentenced to 21 months in prison for his role in the scheme.The charges stem from their dealings with Sergey Kurchenko, a pro-Russian Ukrainian oligarch who was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control.

Steel Company President with Ties to Russian Oligarch Pleads Guilty to Money Laundering Conspiracy Involving Alleged Sanctions Violations | Ballard Spahr LLP

U S Company President Pleads Guilty of Trading with Sanctioned Russian Oligarch

Miami-based businessman pleads guilty to conspiracy to violate Russia-Ukraine sanctions and to commit international money laundering

Sergey Karpushkin, 46, of Miami, Fla., a resident of the United States and a citizen of Belarus, pleaded guilty this month to engaging in a scheme to violate U.S. sanctions and commit money laundering by conducting transactions for the purchase and acquisition of metal products valued at over $139 million from companies owned by Sergey Kurchenko, a sanctioned oligarch.

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