You will recall that we wrote about the military contractor formerly known as Blackwater Worldwide in previous issues of this Report and generally nothing good was ever written. That outfit, which had very good political connections during the Bush years, made a fortune doing business with the U.S. Government. The company, now known as Academi LLC, has agreed to pay a fine from $5 million to $7.5 million for trying to operate in Sudan in violation of trade sanctions and for other arms-trade breaches. The settlement includes an acknowledgement of the wrongful conduct by the company, which is now under new ownership. Known for contracts designed to help to protect U.S. government employees abroad, the company drew harsh international scrutiny for shootings and other conduct in Iraq. The company said in a statement last month that it wants to resolve past issues and move on.
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