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Exec Charged in Scheme to Supply US Tech to Iran

[ June 4, 2026   //   Gary Burrows ]

Federal authorities have arrested a California resident and chief executive of an Iranian technology company on charges he orchestrated a years-long scheme to acquire and ship U.S.-origin networking, security and encryption equipment to sanctioned Iranian nuclear and military entities.

The U.S. Department of Justice said Jamshid Ghomi, 63, a dual U.S.-Iranian citizen and founder of Tehran-based Faraz Pardaz Rayaneh Co. (FPR), was charged with conspiracy to violate the International Emergency Economic Powers Act.

According to court documents, Ghomi allegedly used intermediaries and front companies in the United Arab Emirates to procure controlled U.S. technology and route it to customers in Iran without required authorization from the U.S. Treasury Department’s Office of Foreign Assets Control.

Prosecutors allege the scheme operated for more than a decade and involved the movement of more than 250 tonnes of networking equipment through freight forwarders and intermediaries in Dubai to conceal Iran as the ultimate destination.

Federal investigators said FPR supplied U.S.-origin networking equipment to the Atomic Energy Organization of Iran, which oversees the country’s nuclear program, as well as Iran’s Ministry of Defense and affiliated military entities. Authorities allege the company generated annual sales exceeding US$10 million and served hundreds of Iranian corporate and government customers.

The complaint further alleges that Ghomi transferred more than US$15 million from Iran into U.S. accounts through a network of trading companies and exchange houses in the United Arab Emirates, Turkey, Hong Kong and the British Virgin Islands. Prosecutors contend those funds were used in part to finance construction of a Newport Coast, California, residence valued at approximately US$35 million.

The Justice Department alleges Ghomi disguised the source of the funds through false wire-transfer descriptions and improperly reported proceeds as foreign inheritance income.

Ghomi appeared in federal court in Santa Ana on June 3. If convicted, he faces up to 20 years in prison.

The case is being investigated by IRS Criminal Investigation and the Department of Commerce’s Bureau of Industry and Security.

Tags: Office of Foreign Assets Control, U.S. Justice Department, U.S. Treasury