Two Texas Men Sentenced for Illegally Selling Iranian Oil to China

The scheme, involving masked origins and money laundering, aimed to evade U.S. sanctions and profit from substantial oil shipments.

Zhenyu Wang and Daniel Ray Lane sentenced to 45 months in prison for violating U.S. sanctions and money laundering.
The operation planned to sell large quantities of Iranian oil to China, starting with a 500,000-barrel shipment.
Wang played a key role by connecting with Chinese buyers and arranging bribes to facilitate the illegal transaction.
Lane used his business to help launder proceeds, including purchasing a cash machine for counting laundered money.
The conspirators believed they could make significant profits, with plans to scale up shipments to one or two million barrels monthly.