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Tuesday, April 23, 2024 | Back issues
Courthouse News Service Courthouse News Service

Feds Charge Man With Dealing With Iran

MANHATTAN (CN) - Federal prosecutors say a management consultant at an unnamed "major New York consulting firm" set up an illegal money transfer business between the United States and Iran, in violation of the U.S. trade embargo. Mahmoud Reza Banki, 33, was arrested Thursday. If convicted he faces up to 30 years in prison for conspiracy, running an unlicensed money transfer business, and violating the trade embargo.

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