To Banki's credit (that is, $3.4 million worth of credit siphoned off to Iran), he was unaware of the activity of his informal banking system.
Monday, August 16, 2010
Mahmoud Reza Banki GS '05 completed his Ph.D. in Chemical Engineering, but perhaps an Operations Research and Financial Engineering degree would have been a better choice. He was convicted in June for violating the trade embargo with Iran and operating an unlicensed money transmitting business. Though we'd all like to believe an ORFE degree would have helped him stay out of this corner in the first place, he now faces 25 years in prison depending on the decision of a New York federal judge.
Posted by Daily Princetonian Web Staff at 12:02 PM