California Tech Executive Charged in Iran Export Scheme
California Tech CEO Charged in Alleged Iran Export Scheme
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Jamshid Ghomi, a 63-year-old dual U.S.-Iranian citizen and CEO of Faraz Pardaz Rayaneh Co. Ltd., has been charged with conspiracy to violate U.S. sanctions by supplying U.S.-made technology to Iranian entities linked to nuclear and military operations. He faces up to 20 years in prison.
- 01Ghomi allegedly procured over 250 metric tons of U.S.-origin networking equipment for Iranian customers from 2011 to 2023.
- 02Federal prosecutors claim Ghomi moved over $15 million from Iran to the U.S. through various intermediaries while misreporting his income.
- 03Faraz Pardaz Rayaneh Co. Ltd. reportedly became one of Iran's largest suppliers of foreign networking equipment, generating annual sales exceeding $10 million.
- 04The Atomic Energy Organization of Iran, responsible for Iran's nuclear program, was among Ghomi's customers from 2017 to 2023.
- 05Ghomi is charged under the International Emergency Economic Powers Act, which prohibits unauthorized exports to Iran.
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Jamshid Ghomi, a 63-year-old technology executive from Newport Coast, California, has been charged with conspiracy to violate the International Emergency Economic Powers Act (IEEPA) by supplying U.S.-made networking, security, and encryption equipment to Iranian entities, including those linked to the country's nuclear and military sectors. The U.S. Department of Justice announced his arrest on June 3, alleging that Ghomi, a dual U.S.-Iranian citizen and CEO of Tehran-based Faraz Pardaz Rayaneh Co. Ltd. (FPR), orchestrated a scheme that began in 2011 and continued for over a decade. Ghomi is accused of routing shipments through intermediaries in the United Arab Emirates to evade U.S. sanctions. Prosecutors claim he facilitated the sale of over 250 metric tons of networking equipment to Iranian clients, generating annual revenues exceeding $10 million. Notably, FPR reportedly supplied equipment to the Atomic Energy Organization of Iran, which oversees the country’s nuclear program. Ghomi faces a maximum of 20 years in federal prison if convicted.
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The case highlights the risks and legal consequences of violating U.S. export controls, particularly concerning sensitive technologies.
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