Tech Vendors Accused Of Exporting Laptops To Iran

Law360, New York (April 22, 2011, 4:19 PM EDT) -- A Washington grand jury on Thursday indicted three men running companies in New York and California for allegedly exporting computer equipment worth millions to Iran despite U.S. sanctions limiting trade with the country over its nuclear program.

Jeng "Jay" Shih, a 53-year-old U.S. citizen, and his Queens, N.Y.-based Sunrise Technologies and Trading Co. face 27 counts of illegally shipping the tech products to Iran through the United Arab Emirates without getting the license from the U.S. Department of Treasury required to do business with the country....
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