A Taiwanese businessman pleaded guilty Thursday to federal charges arising from an undercover investigation into the illegal export to Iran of items that can be used for missiles, unmanned drones and other military purposes.
Yi-Lan Chen, 40, pleaded guilty to conspiring to violate the US embargo against Iran and attempting to export prohibited goods that have dual civilian and military uses. Chen, a citizen of Taiwan who used the name "Kevin Chen," also entered guilty pleas on behalf of his Landstar Tech Co.
The maximum prison term for each count is 20 years, but Chen will likely receive a much lighter sentence because he is cooperating with an ongoing investigation into banned exports to Iran. US District Judge Adalberto Jordan set sentencing for July 30. Chen also faces more than $2 million in fines.