California tech CEO arrested after feds say he supplied sanctioned computer equipment to Iran
A California tech CEO, Jamshid Ghomi, has been arrested for allegedly selling U.S.-origin computer equipment to Iran's military and nuclear sectors. He faces up to 20 years in prison for violating U.S. sanctions through his company, Faraz Pardaz Rayaneh Co. Ltd. Prosecutors claim he used various methods to smuggle over 275 tons of equipment into Iran while concealing his operations.
- ▪Jamshid Ghomi, 63, was charged with conspiracy to violate the International Emergency Economic Powers Act.
- ▪He allegedly earned millions by selling computer networking equipment to Iran from 2011 to 2015.
- ▪Prosecutors claim he used front companies in the UAE to disguise his role in the smuggling operations.
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A California tech CEO is facing 20 years in prison after allegedly earning millions by selling U.S.-origin computer networking equipment to Iran’s military and nuclear establishments, Justice Department officials said. Jamshid Ghomi, 63, was charged Wednesday with conspiracy to violate the International Emergency Economic Powers Act, the primary legal foundation for most U.S. economic sanctions programs. Mr. Ghomi, who holds both American and Iranian citizenship, is the founder and owner of Faraz Pardaz Rayaneh Co. Ltd., a Tehran-based computer networking company. For more than a decade, according to prosecutors, he used the company to procure U.S.-origin networking equipment for customers in Iran in violation of ongoing U.S. sanctions, federal prosecutors said.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Washington Times.
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