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flag Iran executed Mohammad Reza Ghaffari, mastermind of a $350 million Ponzi scam defrauding 28,000 victims in Qazvin.

flag Iran has executed Mohammad Reza Ghaffari, the mastermind behind a $350 million investment scam that defrauded tens of thousands through a car-buying scheme in Qazvin province. flag The Ponzi-style fraud, launched in 2013, promised discounted vehicles and expanded into real estate and investments, but only 4% of clients received cars. flag Over 28,000 people filed complaints, and Ghaffari was sentenced to death for “large-scale disruption of the economic system” after failing to repay victims despite multiple court-ordered deadlines. flag The judiciary cited severe financial and psychological harm, including stress-related illnesses and family breakdowns. flag Iran continues to use the death penalty for major economic crimes, remaining among the world’s top users of capital punishment.

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