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Russian High-Tech Export Scandal Produces 8 Arrests in Houston

Posted by timothy on from the it-isn't-the-bars-it's-the-humidity dept.

Penurious Penguin writes "Millionaire Alexander Fishenko, owner of US-based Arc Electronics Inc, and seven others have been arrested in Houston Texas, with a total of 11 indicted in a conspiracy to smuggle advanced microelectronics from the U.S. to Russia. The technology allegedly involves components of radar, weapons guidance, and detonators. Amongst the evidence are accounting records indicating notable similarity between the revenue of Arc Electronics and the Russian Federation's defense spending; intercepted phone calls and emails; and a letter to Arc Electronics from a Russian domestic intelligence lab complaining of defective microchips . A Russian foreign ministry spokesman has denied there were any intelligence connections in the affair."

1 of 83 comments (clear)

  1. Disbelief by ka9dgx · · Score: 0, Flamebait

    I for one, refuse to believe that we actually have any technology left which is advanced beyond that available in countries where they actually make things.

    We let the republicrats job-jack all of our manufacturing overseas, and now we no longer have a manufacturing base left, which means nobody getting annoyed at problems in production, which means no innovation.

    This story is pure propaganda as far as I can tell. We don't even make the best culture any more, as Gangnam style has proven. We just do knockoffs.