Iranian Man Sentenced to Prison for Role in Trade-Based Money Laundering Scheme
Mohsen Mohammadi-Mohammadi, an Iranian national who has lived in Iran and Laredo, Texas, was sentenced to 40 months in prison for his role in an international trade-based money laundering scheme, the U.S. Attorney's Office for the Southern District of Texas…
Sign up for a free preview to unlock the rest of this article
Communications Daily is required reading for senior executives at top telecom corporations, law firms, lobbying organizations, associations and government agencies (including the FCC). Join them today!
said Feb. 9. District Court Judge Marina Garcia Marmolejo also ordered the forfeiture of $177,345 -- the amount of the money laundered through Mohammadi's business. From 2011 to 2013, Mohammadi and others conspired to launder drug trafficking money through a scheme dubbed the "Black Market Peso Exchange." The co-conspirators would pick up the drug proceeds from various U.S. cities then transport it to Laredo, where the money was then laundered through commodities businesses such as perfume vendors, the U.S. Attorney's Office said. Mohammadi's business was called Mav Trading Inc.