Edmond Masjedi: Was he involved in Money Laundering & Fraud? The Truth Exposed (2023)

A longtime businessman from Beverly Hills named Edmond Masjedi is renowned for his selfish attitude to success. He has traveled widely in the past. His affiliation with numerous philanthropic groups is frequently questioned, despite his protestations to the contrary, casting doubt on his sincerity.
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A longtime businessman from Beverly Hills named Edmond Masjedi is renowned for his selfish attitude to success. He has traveled widely in the past. His affiliation with numerous philanthropic groups is frequently questioned, despite his protestations to the contrary, casting doubt on his sincerity.

Famous businessman Edmond Masjedi was charged with fraud and money laundering in several cases. Let’s investigate it in depth:

Edmond Masjedi: A Brief Overview

A longtime businessman from Beverly Hills named Edmond Masjedi is renowned for his selfish attitude to success. He has traveled widely in the past. His affiliation with numerous philanthropic groups is frequently questioned, despite his protestations to the contrary, casting doubt on his sincerity. Despite his international endeavors, there are questions about his degree of dedication to enhancing society as a whole and whether his behaviors genuinely reflect the beliefs he portrays.

 Edmond Masjedi: Case Details & Allegations

Edmond Masjedi lawsuit
Source

The submission of a legal document appears to be connected to a court case in the US involving a defendant by the name of Edmond Masjedi. Charges, the judgment, and the judge’s directions are all listed in the document. In simpler terms, here are the main ideas:

Details about the defendant: The party at fault, in this case, is Edmond Masjedi.

Plea: The accuser’s claims against the defendant have been accepted as true.

Charges: The defendant has been found responsible for several convictions, including money laundering, mail and wire fraud, conspiracy, and interstate transportation of stolen property.

Background of the Case: Edmond Masjedi is a defendant in a legal dispute in the United States that is the subject of this publication. Margaret M. Morrow is the court’s judge.

Court Appearance: The legal case’s subject, Edmond Masjedi, was physically present in court on a particular date, according to the paperwork. He had Edward Robinson as his legal representative. 

What do you know about Money Laundering?

Criminals are largely driven by the potential financial gain from unlawful activity, yet they have difficulty using this money covertly. Their method of making illicit riches appear legal is money laundering. It’s a significant instrument for many illicit operations, including cocaine trafficking and terrorism, assisting criminals in growing and upholding a façade of legitimacy. Unchecked, it can undermine confidence in financial institutions and finance other illegal activities, such as violence and terrorism. Essentially, money laundering gives criminals a way to conceal their illicit profits, which poses a severe threat to both the banking system as well as society at large.

The defendant (Edmond Masjedi) and his counsel (Edward Robinson) were present in person for this type of court appearance, which was a formal occurrence. The defendant’s case will be addressed and debated by the judge, prosecution, and defense during this crucial stage of the legal procedure. Legal actions, such as pleading guilty or discussing the state of the case, frequently take place during these court sessions.

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Plea: In the context of law, a “plea” is the official answer, Edmond Masjedi makes to the accusations made against them in court. It’s a critical time in a criminal case.

When Edmond Masjedi entered a guilty plea, it indicated to the court that he freely acknowledged committing the acts for which he was charged. He acknowledges that he broke the law as charged by entering a plea of guilty, taking responsibility for his acts.

Verdict: Edmond Masjedi was adjudged guilty by the court of several charges. These include mail fraud, wire fraud, money laundering, conspiracy, and interstate transportation of stolen property.

Edmond Masjedi: Decision and Orders

Special Evaluation Cost: The court has mandated that Edmond Masjedi immediately pay the United States a special assessment fee of $1,100. This fee is a specific kind of monetary fine that is imposed in federal criminal prosecutions.

Reimbursement: Edmond Masjedi has been ordered to pay compensation, which means he must make amends to the people he wrongfully harmed. He is responsible for $2,235,801.22 in total. Restitution is intended to assist victims in recouping the damages brought on by the defendant’s acts.

Hidden Victim List: The names of the victims are kept hidden and are listed in a confidential private document created by the probation office. Based on the unique losses suffered by each victim, the court decides the precise amount of restitution that should be paid to each.

Half Payment method: If Edmond Masjedi is only able to pay a portion of the required restitution, the victims will each get an equal share of the funds. This guarantees that victims get at least some of what they are due.

Restitution Start Date: Reparation payments must commence within 30 days of the start of the probationary period. Edmond Masjedi is being watched over by the court at this time.

Monthly Payments: As part of the reparation, he is required to make monthly payments. whichever is higher, the payments must be at least $1,000 or 10% of his salary. This makes sure that the victims are always being fairly compensated.

Shared Obligation: Reza Tabatabai, Touraj Benshian, Masoud Rahmani, and Masoud Sabet are also defendants, and they as well as Edmond Masjedi are found jointly and severally liable for the restitution. That implies that they are jointly liable for the cost of restoration.

General Order No. 01-05: This is a specific court order that Edmond Masjedi must abide by as part of his probation or sentence. It is likely to include extra rules or regulations.

Waived Fines: Edmond Masjedi’s fines are exempt, according to the document. This indicates that he won’t have to pay any further fines on top of the restitution sum. He was unable to pay fines along with the hefty reparation sum, which is why he is requesting this waiver.

These points sum up the financial responsibilities that Edmond Masjedi must carry out as part of his sentence. These requirements are meant to hold him accountable for his acts and to compensate the victims of his unlawful activity.

The five-year probationary period for Edmond Masjedi will begin on the day he is sentenced. He must follow particular rules and regulations while he is under the court’s supervision throughout this period.

He must abide by the guidelines established by the U.S. Probation Office, which is in charge of keeping track of those on probation. Furthermore, he must follow General Order 05-02, which probably has particular instructions for those on probation.

Edmond Masjedi is not permitted to use illicit substances, and he is subject to drug testing. As a condition of his probation, he will be required to take drug tests to verify that he is following this rule.

Treatment for Substance misuse: Should it be found required, he must enroll in and actively engage in a program for counseling and treatment for substance misuse, which may include tests like urinalysis, salivary tests, or sweat patch testing.

Drug Treatment Program: He might be forced to take part in a drug treatment program that has been approved by the US Probation Office if specific circumstances arise. Any concerns involving drug addiction or dependency are the focus of this program.

Financial Responsibilities: He must cooperate with all financial requirements, including covering the cost of any drug rehabilitation that may be required as part of his probationary duties.

Financial Records: By the Probation Officer’s instructions, Edmond Masjedi must grant access to any company files and client lists about any firm he owns or is affiliated with.

Use of Names and IDs: It is forbidden for him to use fictitious names or IDs. Only his real legal name is permitted.

Financial Information: He is required to furnish precise financial information, including sources and sums of income as well as spending. The Probation Officer may also require him to produce his federal and state tax returns.

Applications for Loans: Edmond Masjedi is not permitted to do so without first getting the Probation Officer’s consent. He is also not permitted to apply for loans or open lines of credit.

Designated Bank Account: He must conduct all financial transactions and use only one designated checking account for all of his income. You must let the probation officer know about all other bank accounts.

A specific co-defendant identified in the document is not allowed to be involved in any business transactions with him.

DNA Sample: He must participate in the gathering of a DNA sample, which is customary in criminal situations.

Government cooperation: During his probationary time, he is allowed to work with government organizations and related investigation operations.

Reporting to Probation Office: Edmond Masjedi must go to the probation office within 48 hours after the start of his probation to begin the supervision process.

These probationary requirements are meant to make sure Edmond Masjedi follows the law, takes care of any drug-related problems, pays his debts, and keeps open communication with the probation office. During his probationary period, the requirements also seek to deter future criminal behavior and encourage rehabilitation.

Compensation and financial penalties:

  • If the fines or restitution total more than $2,500, he must pay interest unless it is paid in full right away.
  • If you don’t pay on time, you can face consequences.
  • Any changes to his mailing address must be reported to the US Attorney. 
  • Any changes to his mailing address must be reported to the US Attorney.
  • He has to inform the court of any significant monetary changes.
  • After completing probation, he must pay any fines or restitution as instructed by the US Attorney’s Office.

Conclusion

Concluding, it is evident that Edmond Masjedi is guilty of all the charges brought against him, and that he is not a trustworthy or faithful businessman because the root of his fault is fraud and money laundering

Additionally, I would like to point out that this is not the only scenario in which being alone is involved. My study revealed that his name was used in several frauds. You can find out more about him by clicking on the links below as evidence:  

  • https://fcn2017.wordpress.com/business-loan-fraud-news-stories-7/
  • United States v. Tabatabai, 2:05-cr-00744 – CourtListener.com
Edmond Masjedi: Was he involved in Money Laundering & Fraud? The Truth Exposed (2023)
Edmond Masjedi: Was he involved in Money Laundering & Fraud? The Truth Exposed (2023)

4 Comments
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  1. People like Edmond Masjedi were committing crimes since their major aims were to conduct fraud and generate money, and they didn’t care about their clients.

  2. These are the frauds committed by fraudsters who act as businesses but in reality commit frauds and crimes, deceiving many people who put their trust in them and suffering huge losses as a result of their inaccuracy.

  3. During the court proceedings, it came out that Edmond Masjedi was found to be guilty of engaging in numerous fraud cases, and numerous claims were brought against him. It was also found that he had a deeper connection with the political parties which helped him to execute these types of illegal activities.

  4. These businessmen just think about their money and always looking for new ways to make money, and after committing the fraud, they attempt to flee from the scene and the media is unable to cover these kinds of stories, so the public is unable to know of these types of cases.

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