{"id":259,"date":"2026-06-04T09:39:35","date_gmt":"2026-06-04T09:39:35","guid":{"rendered":"https:\/\/urbaneconomynews.com\/?p=259"},"modified":"2026-06-04T09:39:35","modified_gmt":"2026-06-04T09:39:35","slug":"california-tech-executive-charged-with-supplying-equipment-to-iranian-military-nuclear-establishment","status":"publish","type":"post","link":"https:\/\/urbaneconomynews.com\/?p=259","title":{"rendered":"California Tech Executive Charged With Supplying Equipment to Iranian Military, Nuclear Establishment"},"content":{"rendered":"
\n

Federal authorities have arrested a California businessman accused of helping supply American technology to Iran\u2019s military and nuclear apparatus in violation of US sanctions, marking what prosecutors describe as a serious breach of national security laws.<\/p>\n

Read more Trump Signs Executive Order to Facilitate Firing Federal Employees<\/a><\/p>\n

The Justice Department announced Wednesday that Jamshid Ghomi, 63, of Newport Coast, California, has been charged with conspiracy to violate the International Emergency Economic Powers Act.<\/p>\n

The charge carries a maximum sentence of 20 years in federal prison.<\/p>\n

According to court documents, Ghomi is a dual citizen of the United States and Iran and serves as the founder, owner and chief executive officer of Tehran-based Faraz Pardaz Rayaneh Co. Ltd., a computer networking company.<\/p>\n

Federal prosecutors allege that Ghomi used the company for more than a decade to acquire U.S.-origin networking equipment for customers in Iran without obtaining the approvals required by the Treasury Department\u2019s Office of Foreign Assets Control.<\/p>\n

Authorities said the scheme allegedly benefited Iran\u2019s nuclear and military establishment despite longstanding U.S. sanctions against the regime.<\/p>\n

Prosecutors further allege that Ghomi concealed the operation by directing associates to remove his name from shipping records and omit invoices from shipments destined for Iran.<\/p>\n

The Justice Department claims those actions demonstrate that Ghomi knew the conduct was unlawful and took deliberate steps to hide it from authorities.<\/p>\n

Read more Morning Greatness: House Passes Resolution to End Iran War<\/a><\/p>\n

In addition to the sanctions allegations, Ghomi is accused of receiving more than $10 million annually through his technology company while reporting no more than $20,000 in income to the Internal Revenue Service, according to the New York Post.<\/p>\n

Federal officials signaled they intend to pursue both criminal penalties and asset forfeiture if the allegations are proven in court.<\/p>\n

\u201cOur nation\u2019s laws prohibiting doing business with one of the world\u2019s largest state sponsors of terrorism must be enforced and obeyed,\u201d First Assistant U.S. Attorney Bill Essayli said in a statement.<\/p>\n

\u201cWe will hold him accountable by seeking an appropriate prison sentence and by seizing his assets, including his $35 million Newport Beach mansion,\u201d Essayli added.<\/p>\n

Ghomi was scheduled to make his initial court appearance Wednesday afternoon in federal court in Santa Ana, California.<\/p>\n

Read more Allegations of Corruption by Top Democrats and Reinvestigations Part II<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Federal authorities have arrested a California businessman accused of helping supply American technology to Iran\u2019s military and nuclear apparatus in violation\u2026<\/p>\n","protected":false},"author":1,"featured_media":258,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-259","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCalifornia Tech Executive Charged With Supplying Equipment to Iranian Military, Nuclear Establishment - Urban Economy news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/urbaneconomynews.com\/?p=259\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"California Tech Executive Charged With Supplying Equipment to Iranian Military, Nuclear Establishment - 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