PLEADED GUILTY TO VIOLATIONS OF FEDERAL LAW
Two men – MZ and ASN (both 40) – pleaded guilty on May 1, 2024, to conspiracy and violations of the International Emergency Economic Powers Act (IEEPA) for their roles in collecting and arranging for tens of thousands of dollars to be exported to Iran without the required licenses.
To avoid scrutiny, the men had their friends, families and other cohorts transport the cash, in amounts under $10,000, as the latter traveled to Iran/Iraq.
Those transfers were illegal because the United States State Department has named Iran as a state sponsor of terrorism and has prohibited the transfer or provision of funds to that country.
Arrested on August 18, 2020, for their involvement in the scheme, MZ faces sentencing on August 13, 2024, while ASN’s sentencing is scheduled for October 1, 2024.
Now that’s a real cash flow problem ….
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