WOW! Just saw this on foxnews.com. Tuesday, January 19, 2010 Smith & Wesson VP Charged in Federal Bribery Scheme 0 Comments Add Comment You must login or register in order to recommend this. ShareThis| Respond to Editor | Print By Dunstan Prial FOXBusiness Federal prosecutors have charged 22 people, including an executive for gun maker Smith & Wesson (SWHC: 4.27, 0.07, 1.67%), in a bribery scheme that allegedly targeted foreign government officials. The indictments charged the individuals, including Smith & Wesson vice president for sales Amaro Goncalves, with violating the Foreign Corrupt Practices Act and conspiracy to commit money laundering involving the sale of items including guns and body armor. The indictments, filed in December, were unsealed by a U.S. judge on Tuesday and follow undercover operations last year. The individuals were arrested on Monday in Las Vegas and Miami, according to a statement released by the U.S. Justice Department. Corrupt payments to foreign officials to obtain or retain business erode public confidence in our free market system and threaten to undermine foreign governments," said assistant U.S. Attorney Channing Phillips in the statement. In the case involving Goncalves, an unidentified business associate who was a former executive for an arms manufacturer arranged a meeting between Goncalves and two undercover FBI agents who posed as representatives of an unnamed African country's minister of defense, according to the indictment. As part of the operation, the defendants allegedly agreed to pay a 20% commission to a sales agent who the defendants believed represented the minister of defense for a country in Africa in order to win a portion of a $15 million deal to outfit the countrys presidential guard. In reality, the sales agent was an undercover FBI agent. Smith & Wesson did not immediately respond to a request for comment.