The U.S. Justice Department is investigating Erick Prince over evidence he used Frontier Services Group, of which he is chair, to sell defense services in Libya. He is also suspected of being involved in a money-laundering deal using the Bank of China.
|Erik Prince is perhaps best known as founder and former head of Blackwater Inc., a government services and security company. He was CEO until 2009. Blackwater was sold in 2010. He is currently head of Frontier Resource Group, and chair of Frontier Services Group based in Hong Kong. He lives in Dubai and also Virginia,|
Several FSG colleagues accused him of using his role as chairman to offer Blackwater-like services to foreign governments that could not have been provided by the company, which lacks the capacity, expertise, or even the legal authority to do so.The CEO of FSG is, Gregg Smith, a decorated former U.S. marine. He vehemently denies that the firm has any involvement at all in Prince's projects saying:
“FSG has no involvement whatsoever with the provision of — or even offering to provide — defense services in Libya. To the extent that anyone has proposed such services and purported that they were representing FSG, that activity is unauthorized and is not accepted or agreed to by the company.”
“He’s a rogue chairman.Erik wants to be a real, no-shit mercenary. He’s off the rails exposing many U.S. citizens to criminal liabilities. Erik hides in the shadows … and uses [FSG] for legitimacy.”FSG's board is becoming increasingly uncomfortable with their chairman and passed a series of resolution restricting his power.