June 4, 2026
A 63-year-old dual US-Iranian citizen named Jamshid Ghomi was arrested at his California mansion for allegedly smuggling hundreds of tonnes of sophisticated computer networking and encryption equipment to Iran over more than a decade. Prosecutors claim Ghomi used his Tehran-based technology company to illegally export sanctioned US goods to Iranian government, nuclear, and military entities while concealing his activities and laundering over $15 million in proceeds through various international intermediaries. He reportedly disguised the laundered money as foreign inheritance to US tax authorities and used some funds to build a $35 million luxury mansion in Newport Coast.
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Read full article from source: BBC