How does a defense contractor sell classified military items to enemy nations for 25 years and receive a $100mm fine while running neteller or BOS gets you the possibility of 20 years in jail? Wouldnt the CEOs of a company that engaged in a "regular pattern of export violations and misrepresentation" to the U.S. government from 1980 to 2005, warrant jail time?
ITT "went to significant lengths to set up an end run" around State Department licensing systems, prosecutors said, including enlisting a front company to export the systems.
The company also fought the government's investigation, Brownlee said, and attempted "to essentially run out the clock on the statute of limitations." He said the company's posture changed in 2005 with the hiring of a new CEO, Steven Loranger, who hired new outside corporate attorneys and instructed the company to cooperate with the investigation.
http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713
ITT "went to significant lengths to set up an end run" around State Department licensing systems, prosecutors said, including enlisting a front company to export the systems.
The company also fought the government's investigation, Brownlee said, and attempted "to essentially run out the clock on the statute of limitations." He said the company's posture changed in 2005 with the hiring of a new CEO, Steven Loranger, who hired new outside corporate attorneys and instructed the company to cooperate with the investigation.
http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713