Wanted: Li Fangwei, Alias Karl Lee. Reward: $5 Million

“The U.S. is offering a huge reward for information on Chinese businessman Li Fangwei, alias Karl Lee, after accusing him of being a “principal supplier” of ballistic-missile parts to Iran.”


The U.S. has put a $5 million bounty on a Chinese businessman accused of selling ballistic-missile parts to Iran, authorities said Tuesday.

U.S. authorities have also put eight trading firms that were allegedly operated by Li Fangwei on a sanctions list and seized close to $7 million attributed to Li’s front companies.

Li, who is better known by the alias of Karl Lee, has been prohibited from doing business with U.S. companies since 2006.

“Li Fangwei has used subterfuge and deceit to continue to evade U.S. sanctions that had been imposed because of his illicit trade in prohibited materials with Iran,” said Preet Bharara, U.S. Attorney for the Southern District of New York.

“Previously having been exposed as a violator of those sanctions, Li spun a web of front companies to carry out prohibited transactions essentially in disguise.”

Li is charged with substantive violations of the International Emergency Economic…

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