Founder of U.S. Freight Forwarding Company Pleads Guilty to Conspiring to Illegally Export Goods from the United States to Prohibited Chinese Companies

News Manufacturing & Supply Chain Sanctions & Fines

Date: 26th Nov, 2024 Source: U.S. Bureau of Industry and Security Country: USA Original Source

Brief

"On September 26, 2024, Richard Shih, a California-based logistics company founder and former CEO, pleaded guilty to conspiring to violate export laws. He was aware that his company's Chinese business partner, Seajet, was on the U.S. Department of Commerce's Entity List since September 2018, yet continued to ship over 1,000 items between 2018 and 2022, despite receiving education from federal officials about the prohibition."

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U.S. Bureau of Industry and Security

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Founder of U.S. Freight Forwarding Company Pleads Guilty to Conspiring to Illegally Export Goods from the United States to Prohibited Chinese Companies

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Founder of U.S. Freight Forwarding Company Pleads Guilty to Conspiring to Illegally Export Goods from the United States to Prohibited Chinese Companies

Brief

U.S. Bureau of Industry and Security

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