By: Danielle Hatch
New Jersey native, Joyce Eliabachus (also known as Joyce Marie Gundran Managan), 52, pleaded guilty to one count of conspiracy to violate the International Emergency Economic Powers Act (IEEPA) in connection with her role in an international smuggling ring. Eliabachus and several others were part of an international procurement network that smuggled over $2 million worth of aircraft components to Iran, mainly to Iranian airlines.
Eliabachus worked closely with Peyman Amiri Larijani, 33, a citizen and resident of Iran to facilitate over 49 shipments containing over 23,554 license-controlled aircraft parts from the US to Iran. Eliabachus used her company, Edsun Equipments, to finalize the purchase and acquisition of components from various US-based distributors. She would then repackage and ship the components to shipping companies in the UAE and Turkey (she falsified the true destination and end-users as well as the values). Larijani and other Iranian conspirators would then direct the components from the UAE or Turkey to different locations in Iran.
All of the funds for the illicit transactions were funneled through Turkish bank accounts in the names of shell companies that were controlled by the Iranian conspirators. The money was ultimately transferred into one of Edsun Equipments’ accounts in the US to conceal the true sources of the funds in Iran as well as the Iranian entities who were receiving the aircraft components.
Eliabachus faces a potential fine of $250,000 and five years in prison.