Stag Arms fined and shutting down. Threads merged.

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griffin86

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HARTFORD — The owner of a# local gun manufacturer has pleaded guilty to violating federal firearms laws.

The president of Stag Arms, Mark Malkowski, 37,#pleaded guilty to a#federal#firearms charge.# Per a plea agreement, Malkowski has agreed to pay a $100,000 fine, while the company will pay a $500,000 fine.# Malkowski also#has to forfeit#his gun manufacturing license, and he agreed to get out of the gun making#business.

In July of 2014, the ATF conducted a firearms compliance inspection of Stag’s two New Britain manufacturing facilities, including a building which houses#gun-maker CMT.# A 2007 inspection found record keeping#violations which the company was warned to fix.

During the latest investigation,#ATF investigators found that more than 3,000#gun receivers –the part of the gun that includes the trigger and firing mechanism–were not properly registered, violating the National Firearms Act.# Federal agents also discovered a total of 62 fully automatic machine guns and machine gun receivers which were either registered somewhere else or not registered at all.# Guns were also recovered which had serial numbers “obliterated,” meaning numbers#were purposely erased.

Furthermore, federal prosecutors said Stag Arms#could not account for 200 guns, meaning they are lost.# The fear is the guns#wound up on the streets and could potentially be used in a crime.
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http://fox61.com/2015/12/22/stag-arms-expected-to-plead-guilty-to-federal-firearms-charges/
 
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Stag Arms just became collector rifles..

http://bearingarms.com/stag-feds-revoke-ar-15-manufacturers-license-sloppy-record-keeping/?utm_source=bafbp&utm_medium=fbpage&utm_campaign=baupdate
Stag Arms, the Connecticut-based AR-15 manufacturer, has lost it’s federal firearms license as a result of not properly keeping track of serialized lower receivers.
New Britain-based Stag Firearms LLC pleaded guilty Tuesday to violating federal firearms laws and as part of a plea agreement company president and owner Mark Malkowski agreed to sell the company and have no further ownership or management role in a gun manufacturer.
The company, with Malkowski serving as its representative, pleaded guilty in U.S. District Court in Hartford to a single felony count of possession of a machine gun not registered to the company.
The Bureau of Alcohol, Tobacco and Firearms is also revoking Stag’s federal license to manufacture firearms.
Malkowski is also scheduled to plead guilty Wednesday in U.S. District Court in New Haven to a misdemeanor count of failure to maintain firearms records.
The federal government began its investigation of Stag in July 2014, after a routine Bureau of Alcohol, Tobacco and Firearms inspection turned up a variety of recording keeping violations, missing firearms and unregistered firearms, the government said.
The guilty plea, Stag said in a prepared statement, was in the best interest of the company and its approximately 100 employees. Malkowski is in advanced talks with a New York private equity firm to sell the company, Stag and the government said.
“For the first time in Connecticut, and there have only been a few of these prosecutions throughout the nation, a large manufacturer is pleading guilty to a felony charge relating to record keeping violations,” Connecticut U.S. Attorney Deirdre M. Daly said Tuesday. The company will pay a fine of $500,000 as part of the plea agreement.
For his guilty plea, Malkowski, 37, will pay a $100,000 fine and will not be permitted to own, operate or manage a firearms company.
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As we noted earlier this year, Stag Arms was raided for stupidity, not criminal enterprise. They did not properly serialize and track lower receivers at the time of their creation as required by law, and are receiving a harsh penalty as a result.
It is unclear at this time what will become of the company or it’s employees as a result of the plea deal.

http://bearingarms.com/stag-feds-re...bafbp&utm_medium=fbpage&utm_campaign=baupdate
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Dumbasses.
 
I hate to see a business to go under ; but the firearm industry is so heavily regulated that you really have to stay on top of the paper work.....it appears to be a tough industry in which to work....
 
I wonder what is Colt going to do? They did a lot of subcontracting for Colt. Colt only makes the lowers and barrels. CMT was making their uppers. Anything stamped with a "C" is CMT.
 
just bought a model 6 24 inch varmint gun a few months back at a great price from IRG... good timing

Unless of course I see the same model on sale for $899 CAN.. then I will sulk a bit :)
 
WOW I knew they were in trouble due to the un-serialized lowers but I never thought it would come to this.
I have a Stag 3G who's build quality is fantastic.
I hope someone steps in and purchases their manufacturing and keep it away from the Freedom Group at any cost.
 
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