All you lefties need to take notice. One of the few sources of Left Handed UR's just screwed the pooch in a major way!
The short:
Facing Federal Firearms charges, Mark Malkowski, founder and CEO agrees to pay $100K fine, leave company and surrender FFL. Stag Arms, LLC, is forced to pay $500K fine.
According to the news story, Stag will be closing up shop in Hartford, CT.
Stag released this statement, yesterday.
More can be read here:
The short:
Facing Federal Firearms charges, Mark Malkowski, founder and CEO agrees to pay $100K fine, leave company and surrender FFL. Stag Arms, LLC, is forced to pay $500K fine.
According to the news story, Stag will be closing up shop in Hartford, CT.
Stag released this statement, yesterday.
Dec 22, 2015 HARTFORD
"Stag Arms, LLC today announced that the company and its founder, Mark Malkowski, have reached a resolution with government officials stemming from an investigation that began last year relating primarily to the timing of recordkeeping during the manufacturing process and compliance with federal firearms manufacturing and registration requirements. Both Stag Arms and Mr. Malkowski cooperated fully with the government throughout the investigation. While both Stag Arms and Mr. Malkowski believe that public safety was never compromised, they have agreed to enter guilty pleas and to pay significant fines, because doing so is in the best interests of the company and its employees. Mr. Malkowski has also agreed to transition the business to new ownership and is in advanced talks with a potential buyer. Mr. Malkowski will continue as a marketing consultant to the business and the industry for a period of time following the sale. Stag Arms takes its obligations to comply with all laws and regulations very seriously and has made comprehensive changes to ensure that similar problems cannot happen again and that best compliance practices are maintained in all of its operations."
"Stag Arms, LLC today announced that the company and its founder, Mark Malkowski, have reached a resolution with government officials stemming from an investigation that began last year relating primarily to the timing of recordkeeping during the manufacturing process and compliance with federal firearms manufacturing and registration requirements. Both Stag Arms and Mr. Malkowski cooperated fully with the government throughout the investigation. While both Stag Arms and Mr. Malkowski believe that public safety was never compromised, they have agreed to enter guilty pleas and to pay significant fines, because doing so is in the best interests of the company and its employees. Mr. Malkowski has also agreed to transition the business to new ownership and is in advanced talks with a potential buyer. Mr. Malkowski will continue as a marketing consultant to the business and the industry for a period of time following the sale. Stag Arms takes its obligations to comply with all laws and regulations very seriously and has made comprehensive changes to ensure that similar problems cannot happen again and that best compliance practices are maintained in all of its operations."
Comment