Ray Hunt through his Alabama-based company, Vega Tools LLC, conspired to export U.S.-origin parts used in the oil and gas industry to customers in Iran;
An indictment was unsealed charging Ray Hunt, 69, of Madison County, Alabama, with federal offenses related to an illegal scheme to export U.S.-origin goods to Iran
The 15-count indictment charges the defendant with conspiracy to defraud the United States, sanctions violations, smuggling goods from the United States and submitting false or misleading export information.
According to the indictment, since at least November 2017, the defendant conspired to export U.S.-origin parts used in the oil and gas industry, including control valves and oil tubing, through his Alabama-based company, Vega Tools LLC, to customers in Iran. The defendant transshipped the goods to Iran through Turkey and the UAE to evade U.S. sanctions.
Hunt was arrested and made his initial court appearance earlier today. If convicted, Hunt faces a maximum penalty of up to 20 years in prison and up to a $1 million fine for violating U.S. trade sanctions against Iran. In addition, he faces up to five years for the conspiracy charge, 10 years for the smuggling offense and up to five years for the false information offense. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
Also Known As:
Vega Tools LLC
Madison County, Alabama
Reason for the color:
» Alabama Man Indicted for Violating U.S. Sanctions Against Iran – November 29, 2022;