Iran Scam to Evade Terror Sanctions Busted, NYC Official Says

Eleven companies, including Iran's state-sponsored shipping line, were indicted in New York City today for allegedly conspiring to evade U.S. sanctions on trade with Iran by duping major U.S. banks in order to funnel more than $60 million through the Manhattan banks. "The defendants falsified the records of banks," said Manhattan District Attorney Cy Vance, who filed the indictment, in a conference call, "and in so doing the defendants deceived the Manhattan banks." The conspiracy indictment...Full Story
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