Financial questions for Chris Lee
Christopher Lee, who is running for Congress in NY-26 on the Republican side, is facing some serious financial questions, reports Jill Terreri:
The sale of a company that made Republican congressional candidate Chris Lee millions of dollars is being questioned by his Democratic rivals.
The company Lee helped manage and his father founded was sold for $395 million less than a year after the buyer, an international conglomerate, pleaded guilty to two felony charges related to sensitive defense technology that had been sent to China, Britain, Singapore and Japan. The conglomerate, ITT, also paid $100 million in fines.
[...]
The fine is believed to be the highest sanction levied against a defense contractor involved in an export violation in U.S. history.
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