Security Firm Formerly Known As Blackwater Agrees To Millions In Fines

The private security firm that used to known as Blackwater has agreed to pay a $7.5 million fine, as well as acknowledges a $42 million settlement with the U.S. State Department for arms smuggling and other charges.

The court documents against Blackwater, which is now known as Academi, LLC, were unsealed in federal court in New Bern.

Blackwater had its headquarters in a sprawling complex in Moyock.

The company and the U.S. Attorney's Office have both agreed on a deferred prosecution agreement against the company. The feds say the company agrees that it violated the Arms Export Control Act and the International Trafficking in Arms Regulations.

At the same time, the government acknowledges the company's efforts to reform its conduct.

The settlement with the State Department, according to the feds, is part of a civil administrative settlement.

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