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Tag: Arc

Eight Arrested in Alleged Scheme to Sell Cutting-Edge Military Technology to Russia

Steve Neavling
ticklethewire.com 

A Houston company accused in a scheme to sell high-tech electronics to the Russian military and intelligence agencies told employees to hide information about the technology, the Associated Press reports, citing an FBI agent.

In custody are Arc Electronics Inc. owner Alexander Fishenko and seven employees accused of illicitly selling military technology to Russia since 2008, according to the AP.

The company’s director of procurement, the AP reported, is a Russian immigrant and current U.S. citizen who is considered a flight risk.

A detention hearing is set for Wednesday, the AP reported.

FBI: Houston Business Busted for Exporting High-Tech Equipment to Russian Military

Steve Neavling
ticklethewire.com

 The FBI is investigating a Houston business accused of illegally exporting high-tech equipment to Russian military and intelligence agencies, the Associated Press reports.

Agents executed a search warrant Wednesday at Arc Electronics Inc. in what they said was a secret military procurement network.

The AP said agents were searching for microelectronics, which can be used in missile guidance systems, surveillance systems and detonation triggers.

The search follows an indictment that identifies 11 members of the alleged network.