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05.06.26 - 05:06
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Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran (ZeroHedge)
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Feds Raid Newport Mansion, Arrest Businessman Accused Of Routing U.S. Technology To Iran
Federal authorities arrested 63 year old Newport Coast technology executive Jamshid Ghomi during an early-morning operation at his luxury Orange County residence on Wednesday, according to the NY Post.
He faces federal charges related to alleged violations of U.S. sanctions against Iran.
Investigators claim Ghomi orchestrated a long-running scheme to obtain American-made networking and computer equipment and funnel it to customers in Iran, including organizations tied to the country's military and nuclear sectors. According to prosecutors, the operation generated millions of dollars and relied on overseas intermediaries and shell companies to conceal the equipment's final destination.
Photo: CA Post/NY Post
The NY Post writes that authorities allege that, over many years, Ghomi acquired restricted technology from U.S. suppliers and routed shipments through third countries before they reached Iran. The go...
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02.06.26 - 20:12
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The BP drama will fade: boards are allowed to ditch the chair (The Guardian)
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Rather than a continuation of the company's recent issues, isn't this an example of the board doing what it is supposed to do?An easy narrative about the great BP boardroom drama runs like this: the plodding non-executive directors couldn't handle the blunt ways of the hard-charging chair they had hired precisely to give the place a kick. Therefore the defenestration of Albert Manifold after only eight months in post shows BP is even more dysfunctional than thought.The best outcome for shareholders, on this reading, would be a takeover bid from Shell to put everybody out of their misery. In the meantime, continues this interpretation, Amanda Blanc, the Aviva boss who is the senior independent director, should let somebody else lead the search for the next chair, given how her last production turned out. Continue reading......
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01.06.26 - 17:48
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Shell And Total Energize LVHI’s Income Stream As Retirees Seek Stable Foreign Yields (24/7 Wall St.)
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Franklin FTSE International Low Volatility High Dividend Index ETF (NYSEARCA:LVHI) closed Friday at $41 after a quarterly distribution cycle that continues to deliver the income international dividend investors buy this fund for. LVHI screens developed-market stocks ex-US for high yield and low share-price volatility, then hedges currency back to dollars. With AUM of roughly $4.6 ... Shell And Total Energize LVHI's Income Stream As Retirees Seek Stable Foreign Yields...
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