No Bail For Man Accused Of $24M Iran Export Scheme

By Jacob Fischler (June 17, 2015, 2:34 PM EDT) -- A Texas federal judge denied bail Tuesday for an Iranian man suspected of scheming to illegally export to Iran $24 million worth of commodities, including microelectronics frequently used in missiles, saying his ties to the Middle East nation made him a flight risk.

U.S. Magistrate Judge Frances H. Stacy declined Khosrow Afghahi's request he be released from jail pending his trial. Judge Stacy found Afghahi held dual citizenship with Iran, where he spends most of his year. He also carries an Iranian passport and does not maintain a stable residence in the United States, she added.

The charges facing Afghahi carry...

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