Tech Boss Arrested for Allegedly Supplying US Hardware to Iran's Military
Federal agents conducted a raid on the $35 million Newport Beach mansion of Jamshid Ghomi, a tech executive accused of illegally supplying US computer hardware to Iran's military and nuclear programs. Ghomi, a dual citizen of Iran and the US, faces charges of conspiracy to violate the International Emergency Economic Powers Act. Prosecutors allege that Ghomi used his Tehran-based company, Faraz Pardaz Rayaneh, to procure US networking equipment for Iranian customers, violating US sanctions. He reportedly arranged the shipment of over 250 tons of controlled technology to Iran, using intermediaries in Dubai to disguise the true destination. Ghomi is also under investigation for money laundering and tax evasion, having allegedly reported only $20,000 in income despite earning over $10 million annually.