Overview
- Federal agents arrested Jamshid Ghomi at his Newport Coast mansion on Wednesday, June 3, 2026, and charged him with conspiracy to violate the International Emergency Economic Powers Act.
- The Justice Department alleges Ghomi used his Tehran company, Faraz Pardaz Rayaneh, to buy and ship U.S.-origin networking, security, and encryption gear to Iranian customers tied to the Atomic Energy Organization of Iran and the Ministry of Defense.
- Prosecutors say the scheme ran for more than a decade and relied on personal eBay and PayPal buys, UAE front companies, freight forwarders in Dubai, falsified invoices, and transshipment to hide Iran as the true destination.
- Authorities allege Ghomi laundered over $15 million into U.S. accounts, misreported those funds to the IRS, and used the proceeds to build his $35 million Newport Coast home, which prosecutors say they will seek to forfeit.
- The case is a coordinated investigation by DOJ, IRS-Criminal Investigation, Commerce’s BIS, and Treasury/OFAC, and if convicted Ghomi faces up to 20 years in prison while the probe continues.