Newport Coast CEO Accused of Smuggling U.S. Technology to Iran
A Newport Coast, California, businessman has been arrested and accused of operating a years-long scheme to illegally export sensitive American technology to Iran, including equipment allegedly supplied to organizations connected to the country’s military and nuclear programs.
Federal prosecutors announced charges against 63-year-old Jamshid Ghomi, a dual U.S.-Iranian citizen, following his arrest on June 3, 2026.
Federal Authorities Announce Arrest
According to federal investigators, Ghomi is accused of violating U.S. sanctions laws by helping move controlled American technology into Iran over several years.
Prosecutors allege the activity occurred between 2017 and 2023 and involved the purchase and shipment of hundreds of U.S.-made networking, security, and encryption products.
The case was announced through a federal criminal complaint filed in California.
Technology Company Allegedly Involved
Investigators identified Ghomi as the chief executive officer of Faraz Pardaz Rayaneh Co. Ltd., a technology company based in Tehran.
According to prosecutors, the company allegedly supplied American-made technology products to organizations in Iran that were subject to U.S. sanctions and export restrictions.
Federal authorities claim some of the equipment ultimately reached entities associated with Iran’s defense and nuclear sectors.
The allegations remain accusations, and the charges have not been proven in court.
Alleged International Smuggling Network
According to the complaint, Ghomi allegedly used online marketplaces and payment platforms to acquire U.S.-origin technology products.
Prosecutors claim the equipment was routed through businesses and financial intermediaries located in several countries, including the United Arab Emirates, Turkey, Hong Kong, and the British Virgin Islands.
Federal investigators allege the shipments entered Iran without the licenses required under U.S. export control laws.
Authorities say the scheme involved hundreds of technology products over multiple years.
Money Laundering Allegations
In addition to export-related accusations, prosecutors allege Ghomi transferred millions of dollars connected to the operation into the United States.
Federal authorities claim more than $15 million was moved through U.S. financial institutions.
Investigators further allege that the funds were used to support an expensive lifestyle and major real estate investments in Southern California.
Newport Coast Property Under Scrutiny
One of the most notable allegations involves a luxury estate in Newport Coast.
According to prosecutors, Ghomi used funds tied to the alleged scheme to construct a property valued at approximately $35 million.
Federal authorities are seeking forfeiture of the estate as part of the criminal case.
The forfeiture request remains subject to court proceedings and legal review.
Tax Filing Questions Raised
Federal investigators also allege that Ghomi misrepresented the source of certain incoming funds on tax documents.
According to the complaint, some wire transfers were reportedly described as a foreign inheritance.
Prosecutors claim those statements were false and were intended to conceal the true source of the money.
Court documents further allege that Ghomi reported relatively low annual income levels during years in which significant financial activity was occurring.
Potential Penalties
Ghomi has been charged with conspiracy to violate the International Emergency Economic Powers Act, commonly known as IEEPA.
He is expected to make an initial appearance in federal court in Santa Ana, California.
If convicted, he could face substantial federal prison time. Prosecutors noted that the charge carries a maximum statutory penalty of 20 years in prison.
Case Moves Forward
The allegations against Ghomi remain pending, and he is presumed innocent unless proven guilty in court.
Federal investigators continue to examine the alleged export network, financial transactions, and technology shipments described in the complaint.
Additional court hearings are expected as the case proceeds through the federal justice system.
