Iranian CEO Gets 23 Months For Sanctions Violations
Law360 (October 16, 2020, 7:20 PM EDT) -- A Minnesota federal judge sentenced an Iranian executive to almost two years in prison for his role at a financial services company designed to help Iranian citizens circumvent U.S. sanctions.
U.S. District Judge Patrick Schiltz sentenced Seyed Sajjad Shahidian on Thursday. Shahidian pleaded guilty to wire fraud in 2018, admitting to helping clients make purchases from U.S.-based businesses by using fraudulent passports and fake residency documents to set up PayPal accounts that processed millions of dollars.
"Shahidian lied to U.S. suppliers, illegally transferred funds from Iran, used fraudulent passports and IDs, and established a business whose entire purpose was to circumvent...
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