U.S. authorities have arrested Alexander Fishenko, owner of Arc Electronics Inc., and seven of his employees, including Alexander Posobilov, who was the company’s director of procurement. They are accused of being involved in a scheme to illicitly sell military technology to Russia, starting in 2008.
U.S. Magistrate Judge George Hanks Jr. denied bail for Posobilov, 58, following a detention hearing Friday. Hanks agreed with prosecutors that Posobilov, a Russian immigrant who later became a U.S. citizen, was a flight risk.
A detention hearing for Fishenko and three of his workers was postponed until Wednesday. Two employees will have their hearings Tuesday. One employee was granted bail of $250,000 on Friday.