CEO Arrested for Illegally Supplying US Technology to Iran
CEO of tech company arrested for supplying US-origin computer parts to Iran: How California resident negotiated, purchased and arranged shipment of large quantities of 'banned' US technology for over 10 years
Image: The Times Of India
Jamshid Ghomi, a dual US-Iranian national and CEO of Faraz Pardaz Rayaneh Co. Ltd., has been arrested for violating US sanctions by supplying US-origin technology to Iran's military and nuclear sectors. He faces up to 20 years in prison if convicted.
- 01Ghomi allegedly shipped over 250 metric tons of US-origin networking equipment to Iran from 2011 to 2023.
- 02His company, Faraz Pardaz Rayaneh Co. Ltd., reportedly earned over $10 million annually, servicing clients including the Iranian military and nuclear establishment.
- 03Ghomi laundered over $15 million into the US, falsely reporting it as foreign inheritance on his tax returns.
- 04He is accused of using front companies and falsified documents to conceal his activities from US authorities.
- 05If convicted, he could face a maximum sentence of 20 years in federal prison.
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Jamshid Ghomi, a dual US-Iranian national and CEO of Faraz Pardaz Rayaneh Co. Ltd., was arrested for allegedly violating US sanctions by supplying sophisticated US-origin technology to Iran. The U.S. Attorney's Office for the Central District of California has charged him with conspiracy to violate the International Emergency Economic Powers Act. Ghomi is accused of facilitating the shipment of over 250 metric tons of computer networking equipment to Iranian military and nuclear entities from 2011 to 2023. His company reportedly generated annual sales exceeding $10 million, servicing clients such as the Atomic Energy Organization of Iran and the Ministry of Defense. Ghomi laundered more than $15 million into the US, misrepresenting it as foreign inheritance, and utilized front companies to disguise his illegal activities. If convicted, he faces a maximum of 20 years in prison and the seizure of his assets, including a $35 million mansion in Newport Beach, California. The investigation is ongoing, with the IRS Criminal Investigation and the Department of Commerce involved.
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The case highlights the enforcement of US sanctions and the illegal flow of technology to adversarial nations, impacting national security.
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