On November 13, 2019, in the U.S. District Court for the Southern District of New York, Behzad Pourghannad (‘‘Pourghannad’’) was convicted of violating the International Emergency Economic Powers Act (50 U.S.C. 1701, et seq.) (‘‘IEEPA’’). Specifically, Pourghannad was convicted of IEEPA by conspiring to unlawfully export carbon fiber from the United States to Iran without having first obtained the required U.S. Government authorization. Pourghannad was sentenced to 20 months in prison and a $100 assessment.

Pursuant to Section 1760(e) of the Export Control Reform Act (‘‘ECRA’’), the export privileges of any person who has been convicted of certain offenses, including, but not limited to, IEEPA, may be denied for a period of up to ten (10) years from the date of his/her conviction. 50 U.S.C. 4819(e) (Prior Convictions). In addition, any Bureau of Industry and Security (BIS) licenses or other authorizations issued under ECRA, in which the person had an interest at the time of the conviction, may be revoked.

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