Iranian National Charged in $115 Million Sanctions Busting Scheme

January 31, 2020

Author: 

Tom Winter

Publication: 

NBC

Related Country: 

  • Canada
  • Switzerland
  • United States
  • Venezuela

U.S. federal prosecutors charged Bahram Karimi, an Iranian national living in Canada, for facilitating payments in an infrastructure project by the governments of Iran and Venezuela. Prosecutors allege that Karimi illegally routed $115 million from a Venezuelan company to Iranian entities through Swiss bank accounts, violating U.S. sanctions. Charges include conspiracy to commit bank fraud, bank fraud, and lying to federal investigators.