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$4.2M unfrozen for indicted Miami Beach munitions dealer

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Scurrilous Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 12:39 PM
Original message
$4.2M unfrozen for indicted Miami Beach munitions dealer
Source: Miami Herald

An indicted Miami Beach weapons merchant has recovered some of his frozen millions from the U.S. government, but he still faces fraud charges over a $10.3 million contract with the Army.

<snip>

"A Miami Beach munitions dealer accused of defrauding the federal government is $4.2 million richer.

Actually, the money already belonged to 23-year-old Efraim Diveroli. But the government froze it after Diveroli, his business, AEY Inc., and three co-workers were indicted last summer on charges of selling banned Chinese-made machine-gun rounds to the U.S. Army to supply allied forces in Afghanistan.

Prosecutors recently agreed to unfreeze the money -- as well as return Diveroli's 2007 Mercedes-Benz S550 -- after realizing the funds indeed came from some of the company's $300 million in weapons sales to the U.S. military, but none involving the Chinese munitions.

Getting back the millions, however, is a small victory. Diveroli, whose grandfather once described him as a weapons ''genius,'' still faces charges of conspiring to sell the military $10.3 million of prohibited Chinese munitions that he and his employees tried to disguise as being made in Albania."

Read more: http://www.miamiherald.com/news/miami_dade/beaches/stor...
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 12:44 PM
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1. i guess even in this economy, business is never bad for war profiteers
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jaksavage Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 01:08 PM
Response to Original message
2. 23 years old with
a 300 million dollar arms business.
Yea right!
Wasn't the ambassador to Albania involved also?
This whole thing stinks.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 03:10 PM
Response to Original message
3. well, this dope is forever radioactive. the state dept will keep a close eye on this boob
for years to come.

I will be surprised if this tool will be able to sell a sharp pointy stick, let alone bullets from now on.
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EFerrari Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-27-09 03:12 PM
Response to Reply #3
4. Are you kidding? He's probably on their payroll. n/t
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