Miami Mogul's $139M Sanctions Dodge: Decade-Long Export Freeze
Published Date: 5/22/2025
Notice
Summary
Sergey Karpushkin from Miami got caught and convicted for illegally buying over $139 million in metal products linked to a sanctioned oligarch. Because of this, the government is officially banning him from exporting anything for up to 10 years, and any export licenses he had are now revoked. This ban started right after his conviction in April 2024, meaning no export business for him anytime soon!
Analyzed Economic Effects
5 provisions identified: 1 benefits, 4 costs, 0 mixed.
10-Year Export Ban for Individual
Sergey Karpushkin was convicted on April 17, 2024, and is denied export privileges until April 17, 2034. From the date of this Order through April 17, 2034, he may not directly or indirectly participate in any transaction involving any item subject to the Export Administration Regulations, including applying for or using licenses, negotiating, buying, receiving, selling, transporting, financing, servicing, or otherwise benefiting from such items.
Revocation of BIS Licenses Linked to Him
Any Bureau of Industry and Security (BIS) licenses or authorizations in which Karpushkin had an interest at the time of his conviction are revoked. The revocations follow his conviction for violating 18 U.S.C. 371 on April 17, 2024.
Prohibition on Others Dealing With Denied Person
No person may export, reexport, or transfer to or on behalf of the Denied Person any item subject to the Regulations, or take actions that facilitate the Denied Person acquiring or controlling such items, through April 17, 2034. This also bars obtaining items from the Denied Person or servicing items owned or controlled by the Denied Person when the activity involves items subject to the Regulations.
Affiliates Can Be Added To Prevent Evasion
Any person, firm, corporation, or business organization related to Karpushkin by ownership, control, position, affiliation, or other connection may also be made subject to this Order to prevent evasion. The Order explicitly allows extending restrictions to related entities.
Right To Appeal Within 45 Days
Karpushkin may file an appeal of this Order with the Under Secretary of Commerce for Industry and Security. The appeal must be filed within 45 days from the date of this Order and must comply with Part 756 of the Regulations.
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Key Dates
Department and Agencies
Related Federal Register Documents
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Previous / Next Documents
Previous: 2025-09173, In the Matter of Roberto Marrero-Cisneros, Inmate Number: 24458-018, FCI JESUP, Federal Correctional Institution, 2680 301 South, Jesup, GA 31599; Order Denying Export Privileges
Roberto Marrero-Cisneros, who was convicted for illegally exporting stolen boat parts, is now banned from exporting anything from the U.S. for seven years. This means he can’t get any export licenses or permissions during this time. The ban started on May 19, 2023, and affects his ability to do business involving exports, with no money or license privileges allowed.
Next: 2025-09175, In the Matter of Steve Trevino, 7014 Palacios Cv, San Antonio, TX 78242-2327; Order Denying Export Privileges
Steve Trevino from San Antonio got caught smuggling guns from the U.S. to Mexico and was sentenced to nearly 5 years in prison. Because of this, the government is banning him from exporting anything for 10 years and taking away any export licenses he had. This means Trevino can’t legally send goods out of the country until 2033, and any money tied to his export activities is frozen.