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Blackwater Fines Up to $50 Million

Posted on the 08 August 2012 by Mikeb302000
Blackwater Fines Up to $50 Million Yahoo News reports
The security firm formerly known as Blackwater has agreed to pay a fine of $7.5 million to avoid US prosecution for smuggling arms, the Justice Department said in a statement Tuesday.
The company, now known as Academi, will pay the fine in addition to a previously agreed $42 million settlement with the State Department over violations of the Arms Export Control Act, the Justice Department said.
Under the agreement, the company previously known as Blackwater Worldwide and as Xe Services "admits certain facts" following a five-year, multi-agency federal investigation, said Thomas Walker, a prosecutor in North Carolina.
The probe "covered an array of criminal allegations," some "involving the manufacture and shipment of short-barreled rifles, fully automatic weapons, armored helicopters, armored personnel carriers," said the statement.
These guys change their name more often than crooked FFL dealers.
What's your opinion?  Are these private contractors a necessary part of our foreign policy? Or is this  just another example of crooked government spending policy?
Please leave a comment.

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