The former owner of Stag Arms, LLC of New Britain will serve two years probation and pay a $100,000 fine and the company has been ordered to pay a $500,000 fine for violating federal firearms laws.
In December, Stag Arms LLC pleaded guilty to possession of one count of possession of unregistered machine guns and the former owner, Mark Malkowski, pleaded guilty to failure to maintain firearms records.
“This is the first time nationwide that a major firearms manufacturer has been convicted of a felony and had its license revoked, effectively forcing the company to be sold to new owners,” U.S. Attorney Deirdre Daly said in a statement. “Stag displayed a systemic and egregious disregard of federal firearms regulations. The company was unable to account for hundreds of semi-automatic rifles and possessed over sixty unregistered machine guns."
U.S. & World
In a previously released statement, Stag Arms' founder Mark Malkowski said he "believe that public safety was never compromised, they have agreed to enter guilty pleas and to pay significant fines, because doing so is in the best interests of the company and its employees. Mr. Malkowski has also agreed to transition the business to new ownership and is in advanced talks with a potential buyer."