Canadian-Iranian Charged With Circumventing US Sanctions On Iran

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Discussion posted by: JohnF44

“Bahram Karimi was charged with conspiring to commit bank fraud, and making false statements in connection with his involvement in a joint project initiated by the Governments of Iran and Venezuela in which more than $115 million was illegally funneled through the U.S. financial system for the benefit of various Iranian individuals and entities,” the Department of Justice (DoJ) reiterated on Friday, January 31. “Karimi lied to banks about Iranian involvement and took advantage of the U.S. financial system to benefit Iranian parties,” Assistant Attorney General for National Security, John C. Demers, told the court on Friday. If convicted, Karimi could face up to thirty years in jail for the first two charges, and five years for the third.