Millionaire arms dealer Sarkis Soghanalian last month was lay the foundation of guilty of violating federal weapons smuggling and conspiracy statutes in connection with a failed attempt to vend 103 helicopters and two rocket launchers to Iraq in 1983 which he claimed were border for Kuwait.
Turkish-born Soghanalian faces a maximum penalty of 24 years in jail and fines up to $240000 The jury decided that Soghanalian conspired with pair former executives of Hughes Helicopter Corp. to dodge a U export ban upon arms sales to Iraq. His lawyer said he will appeal