North Carolina Firm Fined $12.6M For Alleged Trade Violations

The successor company of a North Carolina criminal investigation supply firm must pay $12.6 million in response to accusations that the former president violated his previous plea agreement for illegally trading with China.

A federal magistrate judge in New Bern accepted on Tuesday a deferred prosecution agreement for Sirchie Acquisition Company. In exchange, federal attorneys won't pursue a 10-count criminal information unsealed against Sirchie.

The government alleged the president of what previously was known as Sirchie Fingerprint Laboratories didn't comply with the terms of his 2006 criminal plea barring him from regulated overseas commerce for five years. Prosecutors say evidence shows the president had participated in setting prices for products intended to be sold overseas. Sirchie's new owners weren't involved in the trade activity.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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  • by TNT on Feb 10, 2010 at 01:32 PM
    To Andy and Tim........READ!! The (Federal Court)yes they have that in NEW Bern, that is the only connection. WOW Just don't know why Americans would willing want to keep making China stronger and America weaker
  • by Darren Location: OBX on Feb 10, 2010 at 12:00 PM
    Some people just don't get it do they.
  • by Clifton Location: Washington on Feb 10, 2010 at 08:40 AM
    Well there goes my hope and faith in everything. A NC company has been charged 12.6 million dollars for something most folks don't even know exist. WHOOP DEE DO!!!! Show me something worth while.
  • by Andy Nonomus Location: Greenville on Feb 10, 2010 at 06:43 AM
    It is in Youngsville NC which is near Wake Forrest. Have know idea what the New Bern connection is.
  • by tim Location: pitt on Feb 10, 2010 at 05:05 AM
    Are you sure that Sirchie is a New Bern firm?

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