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Jury convicts Maryland man on sanctions-violation, laundering charges in Iran satellite case

Jun 11 2013 Brett Wolf, Compliance Complete

A Maryland man on Monday was convicted of conspiracy, international money laundering, sanctions violations and other charges for helping a Russian aerospace company get a contract to build and launch a satellite for Iran, federal prosecutors in Maryland said. Nader Modanlo, 52, of Potomac, Maryland, a mechanical engineer who received science and engineering degrees from George Washington University, was convicted by a jury following a six-day trial. Modanlo, a naturalized U.S. citizen born in Iran, started a company called Final Analysis Inc (FAI) in 1992, court documents state. Two years later, FAI contracted with POLYOT, a Russian state-owned aerospace company, to launch FAI telecommunications satellites. Between 1995 and 2000, FAI and POLYOT launched a satellite purchased by FAI, and designed, constructed and launched a second satellite. Modanlo obtained the necessary U.S. export licenses to export and launch the telecommunications satellites and other equipment from Russia,

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