๐บ๐ธ#USA ๐ฎ๐ท#Iran #Maryland #LAWSUIT #SANCTIONS
R.Boyd of Maryland has been charged with ten counts of violating the Iran Transaction and Sanctions Regulations (IEEPA)ย and the International Emergency Eonomic Powers Actย (ITSR).
R.Boyd of Maryland has been charged with ten counts of violating the Iran Transaction and Sanctions Regulations (IEEPA)ย and the International Emergency Eonomic Powers Actย (ITSR).
Mr Boyd is accused of importing Iranian rial banknotes into the US via Jordan between 2015 and 2018, which he then distributed to US customers without the required OFAC licenses.
Even after Boyd was warned by authorities in 2016 that his actions were in violation of US sanctions, the scheme is said to have continued.
In connection with the scheme, Boyd and his co-defendant, Lee Ryan Fondiller, face federal charges of conspiracy to commit bank and wire fraud, as well as wire fraud. Every IEEPA breach carries a maximum sentence of 20 years in prison,
and each count of fraud carries a maximum sentence of 30 years in prison.
-LINKS-
IEEPA: law.cornell.edu/uscode/text/50โฆ
ITSR:
ecfr.gov/cgi-bin/text-iโฆ
PRESS REALESE:
justice.gov/usao-md/pr/twoโฆ
IEEPA: law.cornell.edu/uscode/text/50โฆ
ITSR:
ecfr.gov/cgi-bin/text-iโฆ
PRESS REALESE:
justice.gov/usao-md/pr/twoโฆ
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