Court Case

US v. Nejad ("Sadr")

March 2018 (Updated March 16, 2020)
, United States
Agent of Iran

[SDNY] Ali Sadr Hashemi Nejad ("Sadr") was arrested for his alleged involvement in a scheme to evade U.S. economic sanctions against Iran, to defraud the United States, and to commit money laundering and bank fraud. Sadr was charged with participating in a scheme in which more than $115 million in payments for a Venezuelan housing complex were illegally funneled through the U.S. financial system to Sadr's Iran individuals and entities. In March 2020, he was found guilty of orchestrating the multi-year scheme that funneled millions of dollars in payments related to a construction project in Venezuela to Sadr's Iranian family business in violation of U.S. sanctions against Iran.

Case Updates

2020-03-16 | Iranian National Convicted For Scheme To Evade U.S. Economic Sanctions By Illicitly Sending More Than $115 Million Through The U.S. Financial System

Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that Ali Sadr Hashemi Nejad was convicted March 16 after a two-week jury trial. As the jury found, SADR orchestrated a multi-year scheme to funnel more than $115 million in payments related to a construction project in Venezuela through the U.S. financial system to Sadr's Iranian family business, in violation of U.S. sanctions against Iran. The government established at trial that these payments benefited Iranian individuals and entities, including the Iranian International Housing Company and its Iranian owner, Mohammad Sadr Hashemi Nejad ("Mohammad Sadr"). The jury convicted Sadr of five counts, including conspiring to evade U.S. economic sanctions against Iran, to defraud the United States, and to commit bank fraud.

Case Documents