ITT fined $100 Million for selling night vision equipment to China

[formercia]

and others. Not making enough money off of Junior's war I guess...


http://money.cnn.com/2007/03/27/news/international/itt_export/index.htm?postversion=2007032713

ITT fined $100 million for illegal exports
Manufacturer admits to exporting night vision materials to China, Singapore and Britain without U.S. authorization.
March 27 2007: 1:32 PM EDT

WASHINGTON (CNN) -- The leading manufacturer of night vision gear for the Defense Department has admitted sending classified materials overseas and will pay a $100 million penalty, according to federal prosecutors, who say the actions of ITT Corp. have jeopardized the security of U.S. soldiers.

ITT, based in Roanoke, Va., exported classified or sensitive technical data to China, Singapore and Britain without having obtained authorization from the United States, prosecutors said.
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The conviction is the first involving a major defense contractor violating the Arms Export Control Act, prosecutors said.

Saying that American soldiers are "the principal victims of ITT's crimes," U.S. Attorney John Brownlee said he has structured the $100 million penalty so that half of the money is spent by ITT to develop a next-generation night vision system and "ensure that our soldiers have the best night vision equipment in the world."

[FormerDittoHead]

1. So, WHY, when it's a corporation, doesn't ANYONE go to **JAIL**?

...The COMPANY will pay a $2M criminal fine? As if there's no PERSON responsible?

[formercia]

2. Another thing that needs investigation

did someone in the Administration OK this deal?

[FormerDittoHead]

4. You mean like... a "Loyal Bushie" FEDERAL PROSECUTOR??? Nahhhh..... n/t

[denverbill]

3. When the Clinton admin agreed to let a private company to use China to launch a rocket,

and the Chinese stole some guidance technology off the rocket, the freepers and their echo-chamber in the media accused Clinton of treason for 'selling secrets to the Chinese for campaign contributions'.

Please note that you won't hear a peep about this new case in the 'liberal' media, and God forbid the conservative echo chamber will utter a word about it.