AIRLINK 187.09 Increased By ▲ 2.40 (1.3%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.58 Decreased By ▼ -0.23 (-2.94%)
FCCL 40.42 Decreased By ▼ -0.42 (-1.03%)
FFL 14.86 Decreased By ▼ -0.32 (-2.11%)
FLYNG 27.36 Increased By ▲ 0.42 (1.56%)
HUBC 131.21 Increased By ▲ 0.14 (0.11%)
HUMNL 13.26 Decreased By ▼ -0.56 (-4.05%)
KEL 4.45 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.01 Decreased By ▼ -0.13 (-2.12%)
MLCF 53.16 Increased By ▲ 1.93 (3.77%)
OGDC 212.59 Increased By ▲ 0.48 (0.23%)
PACE 6.06 Decreased By ▼ -0.23 (-3.66%)
PAEL 41.94 Decreased By ▼ -0.61 (-1.43%)
PIAHCLA 15.93 Decreased By ▼ -0.58 (-3.51%)
PIBTL 9.60 Increased By ▲ 0.66 (7.38%)
POWER 11.16 Increased By ▲ 0.06 (0.54%)
PPL 173.29 Decreased By ▼ -1.71 (-0.98%)
PRL 34.13 Decreased By ▼ -0.60 (-1.73%)
PTC 23.47 Decreased By ▼ -0.47 (-1.96%)
SEARL 88.09 Decreased By ▼ -6.33 (-6.7%)
SILK 1.11 Decreased By ▼ -0.03 (-2.63%)
SSGC 32.61 Decreased By ▼ -0.50 (-1.51%)
SYM 15.53 Decreased By ▼ -1.58 (-9.23%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.00 Decreased By ▼ -0.45 (-3.93%)
TRG 59.79 Decreased By ▼ -0.46 (-0.76%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
AIRLINK 187.09 Increased By ▲ 2.40 (1.3%)
BOP 12.69 Decreased By ▼ -0.09 (-0.7%)
CNERGY 7.58 Decreased By ▼ -0.23 (-2.94%)
FCCL 40.42 Decreased By ▼ -0.42 (-1.03%)
FFL 14.86 Decreased By ▼ -0.32 (-2.11%)
FLYNG 27.36 Increased By ▲ 0.42 (1.56%)
HUBC 131.21 Increased By ▲ 0.14 (0.11%)
HUMNL 13.26 Decreased By ▼ -0.56 (-4.05%)
KEL 4.45 Decreased By ▼ -0.06 (-1.33%)
KOSM 6.01 Decreased By ▼ -0.13 (-2.12%)
MLCF 53.16 Increased By ▲ 1.93 (3.77%)
OGDC 212.59 Increased By ▲ 0.48 (0.23%)
PACE 6.06 Decreased By ▼ -0.23 (-3.66%)
PAEL 41.94 Decreased By ▼ -0.61 (-1.43%)
PIAHCLA 15.93 Decreased By ▼ -0.58 (-3.51%)
PIBTL 9.60 Increased By ▲ 0.66 (7.38%)
POWER 11.16 Increased By ▲ 0.06 (0.54%)
PPL 173.29 Decreased By ▼ -1.71 (-0.98%)
PRL 34.13 Decreased By ▼ -0.60 (-1.73%)
PTC 23.47 Decreased By ▼ -0.47 (-1.96%)
SEARL 88.09 Decreased By ▼ -6.33 (-6.7%)
SILK 1.11 Decreased By ▼ -0.03 (-2.63%)
SSGC 32.61 Decreased By ▼ -0.50 (-1.51%)
SYM 15.53 Decreased By ▼ -1.58 (-9.23%)
TELE 7.99 Decreased By ▼ -0.26 (-3.15%)
TPLP 11.00 Decreased By ▼ -0.45 (-3.93%)
TRG 59.79 Decreased By ▼ -0.46 (-0.76%)
WAVESAPP 11.28 Decreased By ▼ -0.11 (-0.97%)
WTL 1.41 Decreased By ▼ -0.04 (-2.76%)
YOUW 3.81 Decreased By ▼ -0.12 (-3.05%)
BR100 11,869 Decreased By -51.1 (-0.43%)
BR30 35,588 Decreased By -219.5 (-0.61%)
KSE100 113,252 Decreased By -532.6 (-0.47%)
KSE30 35,194 Decreased By -193.2 (-0.55%)

A US Marine captain was sentenced to six years in federal prison Monday for conspiring with his wife to skim nearly $1.7 million from government contracts in Iraq. Eric Schmidt, who still serves with the First Marine Division at Camp Pendleton, California, pleaded guilty in May to conspiracy to commit wire fraud and filing a false tax return that hid the illicit income from his scheme.
His wife Janet pleaded guilty to a tax offense for failing to report the income she received from her illicit dealings. She faces up to three years behind bars and is due to be sentenced on March 7. According to court documents, the 40-year-old Marine directed contracts to an Iraqi firm, the Al-Methwad company, during his yearlong deployment to Iraq in 2008. After Al-Methwad was awarded the contract, Jane Schmidt used funds from the company to purchase fewer or inferior products than those required by the contract and got them delivered to Marines in Iraq.

Copyright Agence France-Presse, 2011

Comments

Comments are closed.