Justice: Arkansas Arms Dealer Sentenced to Nearly 5 Years in Federal Prison

Justice: Arkansas Arms Dealer Sentenced to Nearly 5 Years in Federal Prison

An Arkansas arms dealer was sentenced to 57 months in federal prison, and ordered to pay over $650,000 in restitution on possession of unregistered firearm, false declaration before a court, and tax fraud. His company was also sentenced to five years probation and ordered to pay a $500,000 fine on unlawful import of firearms and filing false or misleading EEI. The company also had to forfeit the illegal firearms.

Read More

Related Posts

USTR: Administration Outlines Next Phase of Tariff Enforcement and Trade Investigations

The administration has detailed a broad strategy to advance its trade objectives while reinforcing existing enforcement tools. Officials confirmed that a temporary 10 percent surcharge will be applied to certain imports under Section 122 authority as a means of stabilizing trade policy during ongoing negotiations. In parallel, new Section 301 investigations will examine a wide…

USTR: Administration Announces Import Surcharge to Address Balance of Payments Deficit

Federal law, including section 122 of the Trade Act of 1974, authorizes the President to impose temporary import surcharges and other restrictions when the nation faces serious international payments challenges. Acting under this authority, the Administration has determined that an ad valorem import surcharge is necessary to respond to substantial balance of payments deficits. Officials…

OFAC: U.S. Expands Sanctions Relief With New Licenses for Venezuela Oil and Gas Investment

The Office of Foreign Assets Control last week issued General License 49 authorizing parties to negotiate and enter into contingent contracts for new investment in Venezuela’s oil and gas sector, provided that performance of those agreements remains subject to separate authorization from OFAC. The license covers a wide range of preliminary agreements, including executory contracts,…

OFAC: Launches Online Portal for Voluntary Self Disclosure Submissions

The Office of Foreign Assets Control has introduced a new online Voluntary Self Disclosure Portal designed to streamline the submission of potential violations under sanctions programs it administers. The secure platform replaces prior submission methods with a centralized digital system that allows individuals and organizations to file disclosures more efficiently and track communications throughout the…