CEO Arrested for Supplying Tech to Iran’s Nuclear and Military Programs – FBI Raids $35 Million Newport Coast Mansion  

A dual U.S.-Iranian national and CEO of a Tehran-based technology company was arrested Wednesday on federal charges for allegedly conspiring to violate U.S. sanctions by funneling sophisticated American networking, security, and encryption equipment to Iran’s nuclear program and military establishment.  

Jamshid Ghomi, 63, of Newport Coast, was taken into custody after federal agents raided his $35 million Orange County mansion. Ghomi, who holds both American and Iranian citizenship, is the founder, owner, and CEO of Faraz Pardaz Rayaneh Co. Ltd. (FPR), a computer networking firm in Tehran that prosecutors say generated more than $10 million in annual sales while supplying Iran’s most sensitive government entities.  

According to the U.S. Attorney’s Office for the Central District of California, Ghomi faces one count of conspiracy to violate the International Emergency Economic Powers Act (IEEPA). If convicted, he could spend up to 20 years in federal prison. He is expected to make his initial court appearance in Santa Ana.  

The affidavit filed in support of the complaint details a decade-plus scheme beginning in 2011. Ghomi allegedly used his own eBay and PayPal accounts to purchase hundreds of restricted U.S.-origin items, routing them through front companies and intermediaries in the United Arab Emirates before smuggling them into Iran. In one instance, more than 250 metric tons of networking equipment was shipped using freight forwarders and concealment tactics, including hiding U.S. gear inside larger shipments and directing co-conspirators to keep his name off paperwork. Internal communications even referred to Iran as the “Motherland.”  

A significant portion of FPR’s business went directly to the Atomic Energy Organization of Iran (AEOI), the agency overseeing Tehran’s nuclear centrifuge and uranium-enrichment efforts, and to Iran’s Ministry of Defense and Armed Forces Logistics. FPR even registered as an approved vendor with AEOI in 2021 and 2022. None of the exports were licensed by the Treasury Department’s Office of Foreign Assets Control (OFAC), as required.  

Prosecutors allege Ghomi laundered more than $15 million in illicit proceeds into U.S. bank accounts and a construction escrow, falsely claiming the funds as a “foreign inheritance” on his taxes. His federal returns reportedly showed a maximum annual income of just $20,684, low enough to claim the Earned Income Tax Credit seven times, while he deducted over $1.7 million in mortgage interest and $1.25 million in property taxes on the Newport Coast estate he built with the scheme’s proceeds. The property, purchased as a vacant lot in 2010 for $4.49 million, was developed into a lavish residence at an additional construction cost of approximately $10.49 million. 

BREAKING: Orange County tech CEO’s $35 million mansion raided by the FBI as he is arrested for selling US technology to the Iranian military.

Jamshid Ghomi, a dual citizen of the United States and Iran, was charged with conspiracy to violate the International Emergency Economic… pic.twitter.com/KqyVMXwNdD

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First Assistant U.S. Attorney Bill Essayli, who is overseeing the case, stated: “Ghomi is accused of aiding our declared enemies by selling U.S.-origin computer networking parts to Iran and earning millions of dollars in violation of U.S. sanction laws… We will hold him accountable by seeking an appropriate prison sentence and by seizing his assets, including his $35 million Newport Beach mansion.”  

Acting Special Agent in Charge Darren Lian of IRS Criminal Investigation’s Los Angeles Field Office added: “Today’s arrest reflects our commitment to disrupt the illegal flow of American technology to foreign nations, especially our adversaries. As alleged, Mr. Ghomi spent years exploiting United States financial systems and procurement channels to move controlled equipment to Iran while hiding his activities behind front companies and falsified documentation.”  

Federal authorities are continuing to investigate Ghomi for additional crimes, including money laundering and tax evasion. The case is being prosecuted by Assistant U.S. Attorney David C. Lachman of the Major Frauds Section, with assistance from the National Security Division’s Counterintelligence and Export Control Section. IRS Criminal Investigation and the Department of Commerce’s Bureau of Industry and Security are leading the probe.  

A complaint is merely an allegation; Ghomi is presumed innocent until proven guilty in a court of law.