Three arrested in alleged scheme to export sensitive U.S. technology to Russia
- Wall Street rises, buoyed by economic data; Dow sets high
- Twitter (TWTR) 'Takeover Money' Moves On as 'Trump Money' Moves In
- Amazon (AMZN) Could Open Over 2,000 Brick-and Mortar Groceries if Tests Succeed - DJ; Kroger (KR) on Watch
- Buy Any Seasonal Market Weakness Ahead of Year End Rally - Oppenheimer (SPY)
- After-Hours Stock Movers 12/05: (TXMD) (COUP) (BOBE) Higher; (SB) (LXRX) (STWD) Lower (more...)
Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.
WASHINGTON (Reuters) - A U.S. citizen and two Russian nationals were arrested on Thursday on charges relating to the alleged illegal export of sensitive military technology from the United States to Russia, the Justice Department said.
The department said Alexey Barysheff of Brooklyn, New York - a naturalized U.S. citizen - was arrested for illegally exporting controlled technology. Russian nationals Dmitrii Aleksandrovich Karpenko and Alexey Krutilin, were simultaneously arrested on charges of conspiring with Barysheff, it said.
All three were scheduled to appear in court on Thursday afternoon.
In its complaint, the government alleged the defendants had engaged in a conspiracy to obtain microelectronics from manufacturers and suppliers in the United States and export them to Russia while evading government controls on high-tech exports.
The United States restricts the export of items it believes could make a significant contribution to the military potential and weapons proliferation of other nations and undermine U.S. national security.
The Justice Department said the microelectronics allegedly shipped to Russia included digital-to-analog converters and integrated circuits frequently used in a wide range of military systems, including radar and missile guidance systems.
It said Barysheff had registered two companies in New York that were used as front companies to purchase and export the controlled technology, while concealing from their suppliers the intended final destination.
If convicted of the charges, the defendants face up to 25 years in prison and a $1 million fine.
(Reporting by Timothy Ahmann; Editing by James Dalgleish)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Polish top court upholds verdict that Polanski cannot be extradited
- IEA's Birol sees oil market rebalancing well before end-2017
- Fillon would beat Le Pen, Socialist fifth or worse: Ifop French presidential poll
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!