Ali Sadr Hasheminejad was convicted of violating U.S. sanctions on Iran after he funneled $115 million in payments from a construction project in Venezuela to his Iranian relatives and their companies, including the Iranian International Housing Company (IIHC). Hasheminejad hid the Iranian connection to the payments and processed financial transactions using a network of front companies and bank accounts in Switzerland, Turkey, and St. Kitts & Nevis, including Clarity Trade and Finance and Stratus International Contracting. He was found guilty of five charges, including bank fraud, money laundering, conspiracy to defraud the United States, and conspiracy to violate International Emergency Economic Powers Act (IEEPA).