Former US CEO Pleads Guilty to Shipping Goods to Sanctioned Chinese Entities

According to court documents, the company made more than 1,000 shipments of goods to Chinese entities accused of sending armored vehicles to North Korea.

The Department of Justice building in Washington on March 28, 2023. Madalina Vasiliu/The Epoch Times

The founder of a U.S.-based global logistics company pleaded guilty on Tuesday to knowingly shipping goods to sanctioned Chinese entities, the Department of Justice (DOJ) said.

Richard Shih, 77, founder and former CEO of a California-based logistics and freight forwarding company, pleaded guilty to “conspiring to violate export laws by shipping goods to Chinese companies” on the Commerce Department’s Entity List, the DOJ said in a statement.