Connecticut-based gun maker Stag Arms has pleaded guilty to violating federal firearms laws and will lose its license to operate.
U.S. Attorney Deirdre Daily said Stag Arms failed to comply with laws designed to track weapons throughout the production and distribution process, and as a result, 200 guns have been reported lost or stolen.
"200 guns are lost, not traceable, we don’t know where they are, whether they were stolen, whether they’re on the streets, whether they’re in the wrong hands," she said. "This is concerning and disturbing conduct.”
The company’s owner, Mark Malkowski , pleaded guilty on behalf of his company on Tuesday. Prosecutors said Stag Arms has agreed to pay a $500,000 fine and to not challenge the revocation of its license in court.
The company is based in New Britain. It had been licensed since 2003 and manufactured semi-automatic rifles.
