Ponte Vedra man admits millions in bribes to U.N., foreign agents

[Dappleganger]

Source: Florida Times-Union

A former executive at Jacksonville-based Armor Holdings who took part in a sting that resulted in the arrest of 22 officials in military supply companies has pleaded guilty to conspiracy, bribing foreign officials and other crimes.

Richard T. Bistrong of Ponte Vedra Beach admitted a wide range of incidents involving the United Nations, the Netherlands, Iraq and Nigeria. He told a federal judge in Washington his activity included bribes, falsifying records and violating U.S. export laws. He faces five years in prison and a maximum $250,000 fine.

The U.S. Justice Department didn’t finalize or release the plea until this month. Sentencing hasn’t been set, and Bistrong remains free on personal recognizance, though his travel is limited and he must surrender his passport.

The crimes took place from 2001 to 2006 when Bistrong was vice president of Armor Holdings, a company that was considered a local success story. It went from bankruptcy in 1993 to being sold for $4.5 billion in 2007.

Read more: http://jacksonville.com/news/crime/2010-09-28/story/ponte-vedra-man-admits-millions-bribes-un-foreign-agents

[Cronus Protagonist]

1. His CIA handlers will get him off lite

Prolly won't do more than 6 months for that... all part of the job.

[chollybocker]

2. Well, it's good to have a hobby after retirement...

Bocci ball, bingo, bridge, international arms dealing, grandkids soccer games....