banki.jpg

Mahmoud Reza Banki

Gets prison time for violating Iran embargo; appeals verdict

AP: A scientist convicted of violating a trade embargo after his family in Iran sent him $3.4 million was sentenced Monday to 2 1/2 years in prison by a judge who noted that the defendant did not support terrorism or funnel money to Iran's government. Mahmoud Reza Banki, 34, winced when his sentence was announced, and numerous spectators among his more than 50 supporters cried openly or wiped tears. Banki had faced up to 25 years in prison after he was convicted in June, but even federal prosecutors conceded that the unusual aspects of the case meant that Banki deserved a reduction from the more than five years in prison that sentencing guidelines recommended. The case drew fresh attention to an informal banking system known as hawalas, which rely on wire transfers, couriers and overnight mail and the dangers they may pose to the U.S. The judge has signed an order requiring Banki to forfeit the $3.4 million. Banki's attorney Baruch Weiss said Banki will appeal his conviction and the forfeiture order >>>

17-Aug-2010
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David ET

تا دیگه از این غلطا نکنه

David ET


خیال می‌کنن اینجا هم ایرانه


Nader Vanaki

Young Iranian Tycoon

by Nader Vanaki on

He was on his way to become a tycoon and now he is a candidate to become a tycoonpareh.  Another tycoonpareh is Hassan Namazi who also got convicted in NY.


MRX1

Still a lot of money

by MRX1 on

Even with shrinking dollar value and worthless rial, 3.5 million is still a lot of money. Not that I object captialism or any thing, but I am curious myself as to how how he got this much.


Anonymouse

Maziar the way I read it the $3.5M was deposited in Iran already

by Anonymouse on

I think this was one of those deals where you'd get paid in Dollar here in US and your contact would pay you in Iran in Rials.

It used to be that they advertised these transactions in Iranian newspapers and Iranian yellow pages.  Since 2001 these practices were banned and the ads stopped.

Looks like the deal went through and the court just ordered him to forfeit his $3.5M which is he is going to appeal.  So someone got $3.5M in Iran who is not going to forfeit and the Government made money too.  Seems weird! 

Everything is sacred


maziar 58

..

by maziar 58 on

as I feel sorry for the incarceration of my hamvatan in this golden land; By opening several Bank of America accounts in different countries as it said

He should know that all trnsactions will be reported to one final destination......

If wiring $$$$ from Iran has no regulations and.....

America does and wants to freez it .

BAD AVARDEH RA BAD BORD.            Maziar


Maryam Hojjat

Kazem0574

by Maryam Hojjat on

I guess I was only looking at my small world.  Thanks. 


kazem0574

Maryam, Its not a lot when considering some house/villa prices

by kazem0574 on

3.4 Million will get you a nice Villa in some parts of the Khazar coast  line (Shomal) and a reasonable house in a good part of Tehran.


Maryam Hojjat

3.4 Million Dollars! Where his family got This money?

by Maryam Hojjat on

I am just wondering!