Reza Panjtan Ray Amiri

Collateral Comes Due: Time is running out for three friends and relatives who put up their houses as collateral for a $200,000 bond to secure the release of the owner of a now-defunct Newport Beach company accused of illegally selling high-tech equipment to Iran. Assistant U.S. Atty. Patricia A. Beaman said Monday that she plans to file a motion Nov. 30 to have the property bond of Reza (Ray) Panjtan Amiri, 44, forfeited after he failed to show up for his sentencing in U.S.

Collateral Comes Due: Time is running out for three friends and relatives who put up their houses as collateral for a $200,000 bond to secure the release of the owner of a now-defunct Newport Beach company accused of illegally selling high-tech equipment to Iran. Assistant U.S. Atty. Patricia A. Beaman said Monday that she plans to file a motion Nov. 30 to have the property bond of Reza (Ray) Panjtan Amiri, 44, forfeited after he failed to show up for his sentencing in U.S.