NJ Man Charged With Iran Embargo Violations

Law360, New York (September 29, 2010, 4:09 PM EDT) -- Authorities have arrested a New Jersey man on charges of violating the U.S. trade embargo on Iran by allegedly running a multimillion-dollar money transfer business that served customers in Iran and the United States.

Mahdi Socara, an Iranian citizen who lives in Nutley, N.J., was scheduled to make his initial appearance on Wednesday afternoon before Magistrate Judge Michael A. Shipp of the U.S. District Court for the District of New Jersey, U.S. attorneys said.

Socara, already in federal custody on a deportation order, was arrested on...
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