Shahram Jazayeri Arab

Shahram Jazayeri Arab is an Iranian oligarch who was involved in a high-profile corruption case.

Early life and education He started the business by selling ice cream in his youth. Jazayeri was a student of dentistry in Kerman.

Career Jazayeri "accrued unimaginable riches during a short time in the 2000s through corruption and connections with influential officials." He owned some 500 import-export companies and made through use of shell corporations, making monitoring of his activities difficult; while he made connections in the Parliament of Iran at the same time, where he was presented as an economic expert in some hearings. On 18 November 2002, Jazayeri was sentenced to 27 years of imprisonment. In September 2004, the supreme court partially overturned the conviction and sent back his case to the lower court awaiting trial. The court of appeal in 2008, reduced his sentence to 14 years and ruled that he must pay $145 million to the Iranian government, including $48 million owed to the state-owned Bank Melli Iran.

Escape from prison Jazayeri escaped from guards during a transfer on 20 February 2007, and reportedly fled the country afterwards. He was arrested by Ministry of Intelligence on 18 March 2007, in "one of the countries on the Persian Gulf". Iranian media reported that four senior officials in the judicial system were fired for his escape. Jazayeri was detained again in Mashhad on 6 August 2016, charged with "disturbing public peace." On 29 July 2018, he was once again arrested while hidden in a consignment of lentils in an attempt to illegally cross the Bazargan border. A prosecutor said he may face a "relatively long-term imprisonment" in January 2019.

Scam in Prison Shahram Jazayeri started to selling crypto scam token with name of Power Cash in Tehran Bozorg Prison. he is also released shahrambank coin and shahramcoin.