Dirty Harry’s Favorite Gunmaker’s Punk Move
From TheStreet.com’s Five Dumbest Things on Wall Street:
Something dirty is going on at Dirty Harry’s favorite gunmaker.
Amaro Goncalves, Smith & Wesson’s vice president for sales, was one of 22 individuals indicted by the U.S. Justice Department Tuesday for violating federal bribery laws involving the sale of firearms. Goncalves and crew were charged with violating the Foreign Corrupt Practices Act and conspiracy to commit money laundering involving the sale of guns and body armor.
The indictments were filed in December after agents worked undercover last year to expose the ring. The individuals were arrested on Monday in Las Vegas and Miami.
Go ahead and make our day, because a Dumbest entry rarely gets cooler than this.
According to the indictment, an unidentified business associate who was a former executive for an arms manufacturer set up a meeting between Goncalves and two representatives of an unnamed African country’s minister of defense. Little did he know, however,…
