Iranian Wire Transfer Defendant Gets 30 Months

Law360, New York (August 16, 2010, 6:34 PM EDT) -- A federal judge sentenced a former McKinsey & Co. consultant to two and a half years in prison Monday for violating a trade embargo against Iran by operating an informal money transferring system that was intended to distribute funds to the country.

Judge John Keenan of the U.S. District Court for the Southern District of New York also ordered Mahmoud Reza Banki to forfeit more than $3.3 million and to serve three years of supervised release when he finishes his prison sentence.

“Trade sanction laws exist...
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