Federal prosecutors allege that Jamshid Ghomi, 63, a dual U.S.-Iranian national residing in Newport Coast, used his company Faraz Pardaz Rayaneh Co. Ltd., based in Tehran, to systematically evade U.S. sanctions by smuggling over 250 metric tons of networking equipment into Iran between 2014 and 2018. The operation, spanning more than a decade, allegedly supplied sophisticated American technology directly to Iran’s nuclear establishment and military apparatus without authorization from the Treasury Department.
Ghomi is charged with conspiracy to violate the International Emergency Economic Powers Act. Prosecutors state he utilized his personal eBay and PayPal accounts from 2011 to 2023 to route goods through United Arab Emirates intermediaries before delivering them to Iranian entities, including the Atomic Energy Organization of Iran (2017–2023) and the Ministry of Defense and Armed Forces Logistics (2014–2022).
The Justice Department further alleges Ghomi transferred more than $15 million from Iran into his U.S. bank accounts and a construction escrow account between 2011 and 2024. He falsely reported these funds to the IRS as foreign inheritance while simultaneously declaring nearly zero income—his highest annual earnings listed on federal tax returns were $20,684—and claiming the Earned Income Tax Credit in seven separate years. During the same period, Ghomi reported over $1.7 million in home-mortgage interest and $1.25 million in state and local real-estate taxes.
Ghomi purchased a vacant lot in Newport Coast for $4,490,000 in March 2010 and paid approximately $10,490,371 to construct the residence from 2010 to 2013. Federal authorities traced over $7 million in foreign-source wire transfers—originating from the same trading companies and processed by Ghomi’s FPR employees—to fund the property between May 2011 and August 2015.
Acting Attorney General Todd Blanche announced that federal officials are initiating proceedings to seize the $35 million mansion, asserting that Ghomi’s scheme represents a direct violation of sanctions enforcement mechanisms designed to prevent Iranian access to U.S.-origin technology.