Engineering Dynamics Inc

HQ Country of Company:
USA
Person(s) Involved:
James Angehr & James Fowler
Country/State of Residence or Citizenship:
USA
Agency:
Department of Justice, OFAC & Bureau of Industry and Security
Location of Sentencing:
Eastern District of Louisiana
Date:
Outcome/Sentencing:
5 years probation
Description:
In connection with a plot to export controlled engineering software to Iran. OFAC alleged that EDI acted in a knowing and willful manner by importing and exporting unauthorized goods and services to and from Iran in the form of an engineering software program intended to assist in the design of offshore oil and gas structures.;
Fine:
Total Fine
$500,000 (individual) + $132,791.39 (corporate); + $132,791 to OFAC + $132,791 (BIS)
Total Forefeiture
$218,583.00
Total Special Assessment
$ 0.00
Grand Total
$1,116,956.39
Source:
DOJ, “Summary of Major U.S. Export Enforcement, Economic and Sanctions-Related Criminal Cases,” 06/2016
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