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(Washington Post) Ann E. Marimow - Federal prosecutors said Nader Modanlo used his aerospace expertise and connections with Russia to help his native Iran launch a satellite of its own for the first time. After more than a week of deliberations, a jury ruled that Modanlo illegally facilitated a satellite deal between Iran and Russia and received a $10 million brokering fee. The jury also found Modanlo guilty of money laundering and obstruction for lying during a series of bankruptcy proceedings. Prosecutors said they expect Modanlo, 52, to face significant jail time because of the amount of money involved. 2013-06-12 00:00:00Full Article
Maryland Businessman Convicted of Helping Iran on Satellite Project
(Washington Post) Ann E. Marimow - Federal prosecutors said Nader Modanlo used his aerospace expertise and connections with Russia to help his native Iran launch a satellite of its own for the first time. After more than a week of deliberations, a jury ruled that Modanlo illegally facilitated a satellite deal between Iran and Russia and received a $10 million brokering fee. The jury also found Modanlo guilty of money laundering and obstruction for lying during a series of bankruptcy proceedings. Prosecutors said they expect Modanlo, 52, to face significant jail time because of the amount of money involved. 2013-06-12 00:00:00Full Article
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