Tech Vendor Cops To Iran Computer Export Scheme

Law360, New York (October 11, 2011, 2:24 PM EDT) -- One of three indicted U.S. technology vendors pled guilty Friday in Washington federal court to conspiracy for exporting computer equipment to Iran despite U.S. sanctions limiting trade with the country over its nuclear program.

Jeng "Jay" Shih, 54, and his Queens, N.Y.-based company, Sunrise Technologies and Trading Corp., pled guilty to defrauding the U.S. and to conspiracy to violate the International Emergency Economic Powers Act. Shih also agreed to pay $1.25 million to end the criminal case.

Of that, Shih will receive credit for the $711,000...
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