Motor Oil Exec Pleads Guilty In Iran Export Scheme

Law360, New York (December 5, 2012, 3:27 PM EST) -- The former manager of motor oil company Delfin Group USA LLC pled guilty Tuesday in South Carolina federal court to charges that he attempted to skirt a U.S. trade embargo on Iran by sending shipments through the United Arab Emirates.

At a hearing Tuesday, Markos Baghdasarian reversed his earlier plea of not guilty. Baghdasarian, the former manager of North Charleston, S.C.-based Delfin USA, was previously indicted on charges he conspired to and did violate a standing embargo blocking U.S. companies from engaging in commercial transactions involving...
To view the full article, register now.