Xe, the private security firm once known as Blackwater, has reached a $42 million settlement with the U.S. State Department over alleged export violations, a State Department official said.
Darby Holladay, a State Department duty officer, said the civil settlement was reached Wednesday for 288 violations between 2003 and 2009, when the company personnel were guarding U.S. staff overseas.
For nearly eight years he sat at the helm of the world's most infamous private security contracting company. Today, former Blackwater president Gary Jackson is wanted by authorities to answer to charges of weapons violations.
An indictment filed last week in federal court lays out just how prosecutors believe Jackson and other current and former Blackwater employees skirted gun laws in the company's pursuit of lucrative security and training contracts. The charges are the most serious yet to be levied against former heads of the company which has rebranded itself as Xe.