A California technology executive has been accused by the U.S. government. A conspiracy involving the illegal transfer of American-made technology into Iran.
Indicted by federal prosecutors during an investigation led by the FBI, Jamshid Ghomi, 63, a citizen of both the U.S. and Iran, was arrested on June 3, 2026, in his residence in Newport Coast, California. According to prosecutors, Ghomi utilized his Iranian-based technology firm known as Faraz Pardaz Rayaneh (FPR) to purchase and secretly transport sensitive U.S.-made computer and networking products to buyers in Iran against U.S. regulations.
THE FINDINGS OF THE U.S. DEPARTMENT OF JUSTICE
The U.S. Department of Justice disclosed that Ghomi started the illegal shipments of the products in 2011 and proceeded with the process over ten years. It is alleged that he obtained sensitive gear from different firms in America. The items were arranged via middlemen in the UAE, with the intention of hiding Iran as the actual end-user.
The report’s exportation of the items includes state-of-the-art networking equipment, encryption technology, and security products manufactured by major American corporations, according to the investigators. These kinds of goods usually need special authorization from the government before exportation because of national security concerns.
One of the allegations of the case includes supplying some of the technologies to organizations affiliated with Iran’s nuclear and military infrastructure. The Department of Justice stated that among the clients was the Atomic Energy Organization of Iran from 2017 to 2023, being one of the key organizations behind Iran’s nuclear ambitions. The master plan also involved connections with the country’s Ministry of Defense and Armed Forces Logistics.
U.S. officials report that the technologies might have been employed in improving the communication, cybersecurity, and networking operations of blacklisted Iranian entities. The illegal exportation jeopardized U.S. national security. The case also proves the significance of imposing sanctions against Iran, the department stated.
Ghomi has also been accused of money laundering from 2011 to 2024. He gained more than $15 million from the scheme under the pretense of “foreign inheritance.” The funds generated from the criminal enterprise were laundered using a chain of corporations located in the British Virgin Islands, the UAE, Hong Kong, and Turkey. It was then deposited into bank accounts belonging to Ghomi in the United States, as per documents in court.
CASE PROCEEDINGS
The proceeds were partly utilized to acquire a high-end mansion in Newport Coast. A value of about $35 million, prosecutors alleged. This property has now become one of the assets that will be seized as part of this case. The prosecution claims that while Ghomi had millions of dollars, he filed a negligible amount of income to the IRS.
According to court records, Ghomi claimed $20,684 despite financing his multi-million-dollar mansion and transferring vast sums through foreign bank accounts. He is also charged with filing fraudulent tax credits.
Further prosecution may lead to other criminal charges related to money laundering. The U.S. government said Ghomi plotted to commit a violation of the International Emergency Economic Powers Act (IEEPA). Ghomi could face a prison sentence of up to 20 years. Prosecutors say they plan to pursue tough penalties against him if convicted.
