Nancy soderberg richard bistrong biography
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Jacksonville company's shady dealings spanned globe, authorities say
In less than 15 years, Armor Holdings grew from a small company making bulletproof vests in Yulee to a multinational company selling military and law enforcement equipment all over the globe.
Annual sales rose from $12 million to $2.4 billion. Forbes twice named it one of America's fastest-growing companies.
And it went from bankruptcy in 1993 to being sold for $4.5 billion in 2007.
But, investigators said, the years leading up to that sale were also marked with illegal exports, kickbacks, bribery of foreign officials and the sale of faulty equipment to the military and other agencies.
A top former Armor Holdings executive accused of orchestrating the illicit deals, including $4.4 million in bribes, has been charged with a variety of crimes.
After being caught, that executive helped the FBI in an elaborate sting operation that led to the arrest of 22 more executives from military supply companies across the United States and Great Britain. Two of them are former presidents and CEOs at Armor Holdings and its predecessor, American Body Armor & Equipment.
The case is both a glimpse into the world of international military supply and the story of Richard T. Bistrong of Ponte Vedra Beach, the former vice pr
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Second Jacksonville executive charged in foreign bribery scheme
Jacksonville businessman Richard Bistrong was arrested and charged with one count of conspiring to make payoffs to induce officials at the United Nations and foreign officials to award contracts to his unidentified Jacksonville company.
Bistrong was a former vice president of international sales for Jacksonville-based Armor Holdings, which is now owned by London-based BAE Systems PLC. According to a report in the New York Times, Bistrong was fired before BAE acquired Armor.
Bistrong is the former husband of long-time Washington political figure and distinguished visiting University of North Florida scholar Nancy Soderberg, who served as the third-ranking official of the National Security Council at the Clinton White House. From 1997 to early 2001, Soderberg served as alternate representative to the United Nations, a presidentially appointed position. Bistrong's allegedly illegal acts regarding the U.N. took place from late 2001 through 2006.
The Justice Department charges against Bistrong are the second time this week federal prosecutors have used a law prohibiting bribes to foreign officials to take legal action against people in that industry. Ponte Vedra businessman Jonathan Spiller, the former president an