US citizen sentenced in Iran trade embargo case
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A man who was convicted of violating the Iran trade embargo after his family sent him millions of dollars from Iran has been sentenced to 2 1/2 years in prison.
Federal Judge John Keenan sentenced Mahmoud Reza Banki on Monday. Banki had faced up to 25 years in prison after he was convicted in June of violating the embargo and an unlicensed money transmitting business. The Tehran-born Banki is a US citizen. Banki's lawyers had said the 35-year-old graduate of elite Princeton University had $3.4 million deposited into his bank accounts by family members and was unaware that an informal banking system let an equal amount of money move into Iran. (AP)
