Iranian CEO of Payment24 company arrested for violating US sanctions

The United States has charged the Iranian online financial services company Payment24 and two of its senior executives with violating U.S sanctions on Iran. Sajjad Shahidian, the founder and CEO of Payment24 has been arrested in Britain and extradited to the U.S. Vahid Vali, the COO of the company is still at large.

The company and the two executives have been charged with conspiracy to commit offenses against the U.S., money laundering, identity theft, and wire fraud.

The company allegedly sold a package on its website, which included a PayPal account, a remote IP address from the United Arab Emirates, a Visa gift card, and a fraudulent ID card and address receipt, to help Iranian clients make online purchases from U.S.-based businesses, according to the indictment.

The company ceased all its activities in the Winter of 2019.

The prosecutors say Shahidian and Vali made misrepresentations to U.S. businesses about the destinations of the goods. Mr. Shahidian also allegedly used false residency information and fake passports to obtain payment processing accounts from U.S. companies, prosecutors said.




Iran in Brief
Manuchehr Bakhtiari, the father of Pouya Bakhtiari, one of the Iranian protesters killed in November by the Islamic Republic security forces,...More
Mohammad Bagher Ghalibaf, the new speaker of Iran’s parliament, announced that the message of Ayatollah Khamenei, the leader of the Islamic Republic...More
The spokesperson for the GuardianCouncil announced that the council has approved of the bill to "fight Israel's hostilities". The bill tasks the...More
The body of human rights activist Ali Ajamiwas transferred to Iran and buried in his hometown in Sabzevar on Thursday. He was found dead on May 6 in...More
Iran’s Medical Council reported that 792 medical personnel in Iran have contracted coronavirus and 107 have died. A spokesman for the Medical Council...More