Serious Penalties: Export Control Violations
Thinking you can handle export compliance? Or, that your trading partners are reliable? Here’s an example of the consequences of export control violations: Atmospheric Glow Technologies and former University of Tennessee professor J. Reece Roth.
July 2006: Feds start inspecting.
June 2008: Company files for bankruptcy
August 2008: Company pleads guilty
May 2009: Prosecuters recommend 5 – 6 1/2 years in prison for Mr. Roth. Meanwhile sentencing will take place at another hearing at an undetermined date in the future.
Props again to International Trade Law blog:
Dr. Roth faces a maximum penalty of five years in prison and a $250,000 fine for the conspiracy and fraud convictions. The 15 convictions for violating the AECA each carry a maximum penalty of 10 years in prison and a $1 million fine.
Atmospheric Glow Technologies faces a maximum criminal fine of $1,000,000 and a maximum term of five years of probation for each of the 10 counts.
KnoxNews.com has good coverage of the whole saga.
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