Kenneth Rijock

Kenneth Rijock

Wednesday, May 20, 2020

EXTRADITED CEO OF IRANIAN SANCTIONS-BUSTING PAYMENT24 APPEARS IN FEDERAL COURT IN MINNEAPOLIS

Shahidian and Vali

PAYMENT24 is an Iranian Internet-based financial services company whose specific mission is to construct fictitious schemes that allow Iranians to evade US sanctions, conducting prohibited financial transactions, and make online purchases from American firms, especially computer servers, software licenses, and software. This week, Payment24 CEO and founder SEYED SAJJID SHAHIDIAN was extradited from the UK, and had his First Appearance in US District Court in Minneapolis.

A 2018 indictment (18-cr-00308-PJS-KMM)  , against Shahidian, Payment 24 and fugitive COO VAHID VALI, was unsealed, charging:
1. Money Laundering Conspiracy
2. Wire Fraud
3. Aggravated Identity Theft
4. Conspiracy to Defraud the United States
5. Conspiracy to Commit Wire Fraud

Payment24 offered its Iranian clients a complete bogus identity package that allowed them to deceive American companies, including but not limited to a remote Emirates IP address, PayPal Account, Visa gift card, and sufficient identification documents to allow then to make purchases undetected as Iranians in Iran.



Readers who wish to review more information about this case may access the indictment here.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.