THE WHAT? The President of Forsythe Cosmetics Group, Michael Rose has been charged for his supposed involvement in a plan to skirt US economic sanctions on Iran, according to a report published by Reuters.
THE DETAILS Rose is alleged to have arranged the export of more than US$350,000-worth of cosmetics from the US to Iran, working with a Iranian-based importer who used front companies to send payments to the New York-based firm.
THE WHY? Lawyers for the respondent declined to comment on the case although William F Sweeney, an FBI Assistant Director, told Reuters, “Whatever his motivation – greed or something more sinister – we allege Mr Rose intentionally disguised his products’ ultimate destination and lied about those products’ prices to limit his customs liability.”