NORTH CHARLESTON, SC (WCSC) - The former president of a North Charleston oil company was formally charged by the South Carolina U.S. Attorney's Office in federal court on Tuesday.
Markos Baghdasarian is accused of being part of a scheme to ship aviation oils and polymers to Iran, which is against the law without proper licensing.
Baghdasarian was the former president of the Delfin Group U.S.A., which is located right off Virginia Avenue in North Charleston.
He was arrested in May.
The charges against him include conspiracy to violate and violating the International Emergency Economic Powers Act and making false statements.
The U.S. attorney's office says between 2010 and 2011, Baghdasarian took orders for oils from customers in Iran, made fake labels to hide who he was sending products to and exported the products.
Federal law does not allow U.S. products to be sold to Iran without a license from the Treasury Department.
Charleston attorney Bart Daniel is representing Baghdasarian and says his client is out on bond and living in Atlanta. Baghdasarian is awaiting a trial date.