Contractor formerly known as Blackwater agrees to $7.5 million fine
RALEIGH, N.C. (MCT) — The military contractor formerly known as Blackwater ended a long-running criminal investigation Tuesday by admitting to lawbreaking that ranged from possessing illegal machine guns at its Camden County, N.C., training grounds to attempting to land $15 billion in oil and defense contracts in southern Sudan while U.S. companies were barred from doing business there.
The company agreed to pay a fine of up to $7.5 million and entered a deferred prosecution agreement that will essentially expire after three years of good corporate behavior. Only the corporation admitted wrongdoing; no executives, including former owner Erik Prince, were held individually responsible.
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