DOJ Charges Newport Beach Executive With Supplying U.S. Equipment To Iran

Federal authorities have arrested California technology executive Jamshid Ghomi, accusing him of helping funnel sensitive U.S. equipment to Iranian military and nuclear entities in violation of American sanctions laws.

According to the Department of Justice, Ghomi, a Newport Beach resident and chief executive of Tehran-based Faraz Pardaz Rayaneh, has been charged with conspiracy to violate the International Emergency Economic Powers Act.

Prosecutors allege he directed a scheme between 2011 and 2023 that transferred more than 250 metric tons of U.S.-origin equipment to organizations linked to Iran’s Ministry of Defense and the Atomic Energy Organization of Iran.

Iran tech boss arrested at $35M SoCal mansion on charges of selling US hardware to Iranian military and nuclear programs https://t.co/0zUjm2L0GA pic.twitter.com/VmoylVaVFw

— New York Post (@nypost) June 3, 2026

The government further claims Ghomi laundered more than $15 million in revenue through shell companies and used the proceeds to build a mansion in Newport Coast valued at approximately $35 million, while reporting limited income to tax authorities.

First Assistant U.S. Attorney Bill Essayli said prosecutors will seek forfeiture of the property and pursue penalties that could include up to 20 years in prison.

Investigators from IRS Criminal Investigation and the Bureau of Industry and Security are continuing to examine the scope of the alleged operation and its impact on Iranian military and nuclear capabilities.

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tippinsightsTIPP Staff