{UpDated} Blackwater to Pay $7.5 Million Fine in Arms Smuggling, Other Charges

This is just breaking so not much being reported in depth yet.

Company once known as Blackwater settles arms case

August 7, 2012 - RALEIGH, N.C. — The international security contractor formerly known as Blackwater has agreed to pay a $7.5 million fine to settle federal criminal charges related to arms smuggling and other crimes.

Documents unsealed Tuesday in a U.S. District Court in North Carolina said the company, now called Academi LLC, agreed to pay the fine as part of a deferred prosecution agreement to settle 17 violations. read more>>>

{UpDated Report} Company previously known as Blackwater agrees to $7.5 million fine in arms smuggling case

8 August 2012 - The international security contractor formerly known as Blackwater has agreed to pay a $7.5 million fine to settle federal criminal charges related to arms smuggling and other crimes.

Documents unsealed Tuesday in a U.S. District Court in North Carolina said the company, now called Academi LLC, agreed to pay the fine as part of a deferred prosecution agreement to settle 17 violations.

The list of violations includes possessing automatic weapons in the United States without registration, lying to federal firearms regulators about weapons provided to the king of Jordan, passing secret plans for armored personnel carriers to Sweden and Denmark without U.S. government approval and illegally shipping body armor overseas.

Federal prosecutors and law enforcement agents said the company, which has held billions in U.S. security contracts in Iraq and Afghanistan, repeatedly flouted U.S. laws. read more>>>