Jul 31, 2012

http://www.huffingtonpost.com/2012/07/30/iran-bank-fraud_n_1720906.html

DUBAI, July 30 (Reuters) - An Iranian court has sentenced four people to death for a billion-dollar bankfraud that tainted the government of President Mahmoud Ahmadinejad, state media reported on Monday....

The man described by Iranian media as the mastermind of the scheme, businessman Amir Mansoor Khosravi, is said to have forged letters of credit from Iran's Bank Saderat to fund dozens of companies and buy a state-owned steel factory.

Mahmoud Reza Khavari, the former head of Iran's biggest bank, state-owned Bank Melli, resigned over the affair and fled to Canada where records show he owns a $3 million home, Iranian and Canadian news agencies reported.

Perhaps JPMorgan would hire him. He sounds like executive material.