Iran executes Too Big to Jail bank fraudster!

25 May 2014 (19:13 UTC-07 Tango 24 May 2014)/25 Rajab 1435/04 Khordad 1393/27 Ji-Si 4712

A man accused of being the mastermind behind a $2.6-billion USD bank scam might be Too Big to Jail in the United States, but in Iran he’d be convicted, jailed and then executed!

The man behind the biggest bank fraud scam in Iran’s history (since the 1979 Revolution) was executed on 24 May 2014.  He was convicted of ripping off the state bank, since 2007, by forging loan documents.   Of course he had help, 39 people were convicted in connection with the scam.

The man built a business empire that spanned the world, including operations in South America.  According to his attorney with his execution the government of Iran now controls his empire’s assets.