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RMI Fined $1M for Illegal Exports

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DENVER, June 23, 2010 — Optical components maker Rocky Mountain Instrument Co. (RMI) of Lafayette, Colo., pleaded guilty Tuesday to one count of exporting defense articles without a license, the Department of Justice said. The company has agreed to forfeit its $1 million in proceeds from the illegal action and spend five years on probation. Appearing in court to enter the guilty plea was RMI CEO Steven Hahn. In its statement about the settlement, RMI said the company cooperated fully with the DoJ during the investigation, which began in October 2007, and since then performed a complete review of its export...Read full article

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    Published: June 2010
    AfghanistanAmericasAsia-PacificbankruptcyBusinessChinaColoradocomplianceDavid GaouetteDCISdefenseDepartment of DefenseDepartment of JusticeexportgargetingiceillegalImagingImmigration and Customs EnforcementinvestigationIraqMiddle Eastmilitaryoptical componentsOpticsPrismsRAIDRMIRocky Mountain InstrumentRussiaSouth KoreaSteven HahnturkeyUS Attorneys Office

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