FBI Sting, Smith & Wesson Executive VP and 22 others accused of Bribery (attorney, Obama)

[JustCallMeTC]

Smith & Wesson Executive Among 22 Accused of Bribery (Update3)

By Cary O’Reilly and Justin Blum
Jan. 19 (Bloomberg) -- A Smith & Wesson Holding Corp. sales executive and a former U.S. Secret Service officer were among 22 officials at companies that supply law enforcement and the military who were charged with violating U.S. anti-bribery laws.
Amaro Goncalves, vice president of sales at Smith & Wesson, and R. Patrick Caldwell, chief executive officer of Protective Products Of America Inc. and a former deputy director of the Secret Service, were among those accused of engaging in schemes to bribe foreign officials, Assistant U.S. Attorney General Lanny Breuer said today in a statement.

The defendants allegedly agreed to pay a 20 percent “commission” to a sales agent who they believed represented the African official, to win part of a $15 million deal to outfit the country’s presidential guard, the government said. The “sales agent” was an undercover FBI agent, prosecutors said.

Smith & Wesson Executive Among 22 Accused of Bribery (Update3) - BusinessWeek

[JustCallMeTC]

Way to go FBI! Sounds like S&W is also in big trouble to me.

[fortified]

So when is Obama and his crooks going to be arrested for bribing senators to vote for HC?

[AuDiBelle]

Well I'm not one for corporate bribery in any form, but it's also sad that an American company will now not get the $15 million bid because of it.

Lose-lose situation.

[JustCallMeTC]

Originally Posted by whatyousay

Well I'm not one for corporate bribery in any form, but it's also sad that an American company will now not get the $15 million bid because of it.

Lose-lose situation.

I have a feeling the caca is going to hit the aerator at S&W.

[LNTT_Vacationer]

Another Jimmy Carter left over law. . . . If I grasp the effect, an American company providing Americans with good jobs could lose those jobs to another country who is able to offer incentives for their product. Sigh. Only the gov't can bribe other gov't officials.

[AuDiBelle]

Originally Posted by JustCallMeTC

I have a feeling the caca is going to hit the aerator at S&W.

No doubt. Probably more job losses too.

[LNTT_Vacationer]

Being a gun company they're fair game for an Obama admin. More job losses.

[JustCallMeTC]

LOLOL So this is Obama's fault?

You righties are too damned funny.

Did you actually read the article?

[summers73]

I LOVE guns. Have AKs, an AR, FAL, handguns up the butt. I despise what S&W did and I'm very glad I don't own any of their models. Very unAmerican and I hope they pay dearly.