Skip to comments.Reston Man Pleads Guilt on Felony Trade Charges
Posted on 03/09/2014 12:38:11 AM PST by Cindy
SNIPPET: "A Reston man who federal officials said sold $250,000 worth of machinery parts from American manufacturers to Iranian companies pleaded guilty to felony charges in U.S. Federal Court in Alexandria on Thursday.
Vahid Hosseini, 62, ran a business called Sabern Industries from his home in Reston, FBI officials said."
(Excerpt) Read more at restonnow.com ...
NOTE The following text is a quote:
“Reston Man Pleads Guilty to Exporting Unlicensed Goods to Iran
Defendant Shipped More Than $250,000 in High-Tech Items Through United Arab Emirates”
U.S. Attorneys Office
March 06, 2014
Eastern District of Virginia
ALEXANDRIA, VAVahid Hosseini, 62, of Reston, Virginia, pleaded guilty today to two felony counts arising from his involvement in exporting various unlicensed goods from the United States to Iran.
Dana J. Boente, Acting United States Attorney for the Eastern District of Virginia, and Valerie Parlave, Assistant Director in Charge of the FBIs Washington Field Office, made the announcement after the plea was accepted by United States District Judge Liam OGrady.
Hosseini pleaded guilty to conspiracy to violate the Iranian Transactions and Sanctions Regulations under the International Emergency Economic Powers Act (IEEPA) and a separate count of money laundering. Hosseini faces a maximum penalty of 15 years in prison and fines totaling $250,000 when he is sentenced on June 6, 2014.
In a statement of facts filed with the plea agreement, from at least as early as January 2008 to July 2013, Hosseini operated a business known as Sabern Instruments from his residence in Reston. Through this business, Hosseini procured more than $250,000 worth of goods from over 60 American manufacturers, which he then repackaged and shipped to entities in Iran. The list of high-tech goods included tachometers, power supply instruments, high-temperature probes, ammonia test tubes, valves, and machinery parts, all of which are used in a variety of commercial applications, including power plants. Hosseini routed these shipments through the United Arab Emirates (UAE) in an attempt to disguise the fact that the items were destined for Iran.
Such exports are prohibited without a license issued by the Treasury Departments Office of Foreign Assets Control.
In a related money laundering scheme, Hosseini had over $700,000 wired into his company business account from entities in Iran and the UAE, much of which was derived from his illegal export business. He then unlawfully withdrew money from his business account for personal expenditures.
This case was investigated by the FBIs Washington Field Office. Assistant United States Attorney Neil Hammerstrom is prosecuting the case on behalf of the United States.
A copy of this press release may be found on the website of the United States Attorneys Office for the Eastern District of Virginia at www.justice.gov/usao/vae.
Obviously he didn’t go through the appropriate obama flunky to do his business with iran.
Otherwise, he’d have never been arrested.
With a name like that, I am not surprised he is selling stuff to Iran. He was probably from Iran. I just wonder how many other Iranians in America are doing the same thing?
Yeah. Hooray! Make international trade a felony! I feel so much safer now. In a dying empire in permanent recession.
Oh! Now we can criminalize trade with the world’s top exporter of natural recourses. Trade war with Russia? China? Sure!!! Peace and freedom are for sissies.
I little execution for treason might make a few other traitors or Iranian agents rethink the error of their ways.
And then it may not, so shooting them would end all this crap.
Or, perhaps we could exchange him/them for Americans being tortured in Iran’s jails.
News flash: we have lots of Muzzie operates over here working under the pretext of that of “business owner”. They are also borrowing taxpayer money in the form of SBA loans, shipping it overseas, and not paying it back. The SBA isaware of it but tey can’t catch them all especially when the Muzzies form business alliances with greedy business owners and operate under their umbrella, for a fee of course.
Reston is a “planned community” established in the 1960s and is now inhabited by many well-to-do, upper middle class families, along with the very low class families that they invited Fairfax County to provide them with. The county, of course, was pleased to move lots of their low-income housing residents to them.
A very liberal-voting town, as I remember from reading some Virginia voting reports.
Big Iranian community too.