Complinet logo
Search
Contact us

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,

Already have an account?

Log in

Want to read this article?

Click here for a free 14 day trial