DA: Nuclear Materials Sold to Iran Through NYC Banks
A Chinese man is charged with setting up four bogus companies to sell nuclear bomb-making materials to the Iranian military, and using several unnamed NYC banks to conduct the illegal transactions (supposedly without their knowledge). Manhattan DA Robert M. Morgenthau held a press conference today announcing a 118-count indictment of Li Fang Wei, who is not believed to be in the U.S. While acknowledging the charges could result in a relatively light prison sentence for Li, Morgenthau explained that "what we are doing is to make every effort to prosecute the company which is perhaps the largest supplier of weapons of mass destruction to the Iranian government, and also to let people know that the Iranians are deadly serious about acquiring materials for long-range missiles and for atom bombs." The indictment has certainly alarmed Gary Milhollin, director of the Wisconsin Project on Nuclear Arms Control; he tells the Times, "If exports of this magnitude are routinely going from China to Iran, then it’s clear that the United States has failed in its efforts to curb this kind of proliferation."
