• ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,536.540
    74.080
    0.5%
  • OTLT.USA
    2.754
    0.002
    0.1%
  • OTRI.USA
    20.490
    -0.180
    -0.9%
  • OTVI.USA
    15,507.170
    69.970
    0.5%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American ShipperShipping

SC businessman guilty of illegal exports to Iran

   The U.S. Justice Department said Markos Baghdasarian, manager of Delfin Group USA LLC, pleaded guilty on Tuesday in the District of South Carolina to charges of conspiracy to violate the International Emergency Economic Powers Act (IEEPA) by making illegal exports to Iran.
   In addition, he made false statements and failed to obtain the proper U.S. government licenses that these shipments require.
   At sentencing, Baghdasarian faces up to five years in prison for conspiring to violate IEEPA, in addition to 20 years for violating IEEPA and five years for making false statements. He was arrested on May 19 in Atlanta on a criminal complaint issued in the District of South Carolina and was later indicted on June 14.
   In May 1995, President Clinton, under executive IEEPA authority, declared a trade embargo with Iran, prohibiting U.S. export to Iran of any goods, technology or services with limited exceptions.
   According to the indictment, Baghdasarian served as the manager of Delfin Group USA, located in Charleston, S.C., which supplies automotive and marine lubricants to domestic and international markets. From as early as June 13, 2010, until Oct. 12, 2011, he engaged in prohibited transactions with customers in Iran, the Justice Department said.
   Also detailed in the court documents, Baghdasarian and others received orders from customers in Iran for Delfin USA products. Baghdasarian then registered “paper” companies in the United Arab Emirates and produced fictitious labels for Delfin USA’s products to obscure the company’s identity from export enforcement officials.
   In addition, he concealed from the U.S. government that the materials were being sold to customers in Iran by falsely stating that the U.A.E. was the final end destination of goods intended for Iran. Baghdasarian also caused Delfin USA products to be sold to customers in Iran without obtaining a license from the Treasury Department.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.

We are glad you’re enjoying the content

Sign up for a free FreightWaves account today for unlimited access to all of our latest content

By signing in for the first time, I give consent for FreightWaves to send me event updates and news. I can unsubscribe from these emails at any time. For more information please see our Privacy Policy.