- Zhenyu “Bill” Wang, 43, a Chinese citizen, and Daniel Ray Lane, 42, of McKinney, Texas, were sentenced to 45 months in prison for attempting to violate U.S. sanctions by selling Iranian petroleum to China and laundering the proceeds.
- The scheme involved masking the origin of Iranian oil, creating fake documents, and setting up offshore accounts to receive and launder funds.
- Both men conspired to profit significantly, with plans for multiple shipments. Their actions were part of a broader effort to evade U.S. sanctions, posing a threat to national security. Read More
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