Canadians arrested for U.S. fraud

The president and former vice-president of Toronto-based Newcon Optik have recently been arrested. They are alleged to have attempted to defraud the U.S. military of up to $11-million.

It is claimed they attempted to bribe a competitor to withdraw their bid on night vision equipment destined for the new army of Iraq.

The Globe and Mail has the complete story.

Source: The Globe and Mail