On March 20, 2018, an indictment was unsealed alleging that Ali Sadr Hashemi Nejad, an Iranian citizen, evaded U.S. sanctions by funneling his company’s proceeds from a Venezuelan infrastructure project through the U.S. financial system.  According to the indictment, Nejad and a co-conspirator used false passports to incorporate entities in Switzerland and Turkey and to set up U.S.-dollar bank accounts for these entities in Switzerland.  By concealing the Iranian nexus to the payments, Nejad was able to send $115 million from Venezuela through the U.S. financial system into the foreign accounts. United States v. Ali Sadr Hashemi Nejad, 18-cr-00094 (S.D.N.Y)

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