A New Yorker and three Texans have been indicted on multiple charges in connection with an alleged attempt to sell sanctioned Iranian petroleum to a Chinese oil refining company.
Nicolas Hovan, 34, of New York; Wang Zhenyu, 39, and Robert Thwaites, 30, both from Dallas; and Daniel Ray Lane, 39, of McKinney, Texas, were indicted on charges of conspiracy, violating the International Emergency Economic Powers Act (IEEPA), and money laundering, according to an Aug. 26 statement from the Department of Justice (DOJ).
