Feds: Microelectronics company owner tried to hide complex scheme to help Russian military
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Prosecutors and the FBI say the owner of a Texas microelectronics company used a nondescript office front in Houston to run a complex operation designed to illegally sell highly regulated technology to the Russian military.
FBI special agent Crosby Houpt read from emails and phone transcripts at a detention hearing Wednesday. Prosecutors say the material shows that Alexander Fishenko instructed his Russian counterparts to forge documents and hide information that could indicate the cutting-edge microelectronics would end up with military agencies.
Fishenko, the owner of Arc Electronics Inc., and seven of his employees were arrested last week.
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Prosecutors are seeking to deny bond to Fishenko because they consider him a flight risk. A judge is expected to decide Thursday whether to allow bond.