BREAKING: Orange County tech CEOโs $35 million mansion raided by the FBI as he is arrested for selling US technology to the Iranian military.
Jamshid Ghomi, a dual citizen of the United States and Iran, was charged with conspiracy to violate the International Emergency Economic Powers Act.
Ghomi has been accused of selling computer hardware to the Iranian military for use in military and nuclear programs.
Investigators say Ghomi created elaborate schemes to hide the millions of dollars he's made from these transactions.
Ghomi allegedly used his Tehrna-based computer networking company, Faraz Pardaz Rayaneh, to acquire US networking components for Iranian customers, which violates US sanctions.
Ghomi is also accused of allegedly making $10 million annually in sales from his firm and only reporting $20,000 maximun in income to the IRS.
Bill Essayli, LAโs top prosecutor, said, โGhomi is accused of aiding our declared enemies by selling US-origin computer networking parts to Iran and earning millions of dollars in violation of US sanction lawsโฆ We will hold him accountable by seeking an appropriate prison sentence and by seizing his assets, including his $35 million Newport Beach mansion.โ
Federal authorities are also investigating Ghomi for money laundering, tax evasion, and other crimes.
Happy Knickshausen Day to ALL! ๐ ๐ต
๐ NBA FINALS โ Game 1
๐ San Antonio, Texas
โฑ๏ธ 8:30 PM EST
The Knicks are playing in the NBA Finals tonight for the first time in 9,840 days.
Letโs go Knickhausens!!
KABOOM ๐ฅ
The FBI just RAIDED a $35M Mansion and arrested California tech CEO Jamshid Ghomi for supplying U.S. equipment to Iran's nuclear and military establishment
Ghomi moved over $15 million from Iran into his U.S. bank accounts and a separate escrow account, falsely reporting the money to the IRS as a foreign inheritance, according to the DOJ.
His federal tax returns reported almost no income with his highest reported income in any year being $20,684. He allegedly claimed the tax break intended for low- to moderate-income working individuals and families, in seven different tax years while reporting more than $1.7 million in mortgage interest. ๐ธ
https://t.co/JJ2EMUaCYn