Jamshid Ghomi, a dual U.S.-Iranian citizen and CEO of Faraz Pardaz Rayaneh Co. Ltd., has been charged with conspiracy to violate U.S. sanctions laws by supplying American technology to Iranian military and nuclear programs. Federal prosecutors allege that Ghomi used illicit proceeds from this scheme to finance the construction of his $35 million mansion in Newport Beach, California.
According to court documents, Ghomi acquired sensitive American networking, security, and encryption equipment and funneled it to Iranian government entities through intermediaries in the United Arab Emirates. Over a 13-year period, more than $15 million linked to Ghomi's Iran-based business was transferred into U.S. financial accounts, including funds used for his mansion's construction.
Prosecutors claim that Ghomi disguised the origins of these funds and falsely reported them to the IRS. Investigators allege that he supplied over 250 metric tons of networking and computer equipment to Iran and took steps to conceal his operations. If convicted, Ghomi faces a maximum sentence of 20 years in prison.