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Due to the conviction, the company's license has been revoked.
According to court documents and statements made in court, a July 2014 inspection at Stag Arms found that the company had in its possession of a total of 62 machine guns and machine gun receivers that were registered to another entity, or were not registered at all. That is a violation of the National Firearms Act.
“It is critically important for those who are responsible for manufacturing firearms, especially high-powered semiautomatic rifles, to diligently comply with federal firearms laws throughout the production and distribution process,” said Daly. “Stag’s misconduct has resulted in hundreds of these weapons being lost or untraceable. In addition, Stag’s possession of dozens of unregistered machine guns is particularly egregious.
"Federal firearms laws exist to ensure that all legal firearms are properly accounted for and don’t wind up on the street, and in the hands of those who shouldn’t possess them. Gun manufacturers who don’t follow the rules and violate federal law not only face license revocation, but criminal prosecution.”
Alcohol, Tobacco and Firearms Special Agent in Charge Daniel J. Kumor, said, “What occurred in this case is absolutely unacceptable and will not be tolerated. ... When firearms licensees fail to comply with these federal regulations and laws they open the door for untraceable firearms to wind up on the street in the hands of traffickers and criminals."
As part of its guilty plea, Stag has also agreed to pay a $500,000 fine and agreed not to challenge the license revocations in court.
Stag President Mark Malkowski also pleaded guilty to a felony charge of possession of a machine gun not registered to the company. He is also expected to plead guilty to a misdemeanor charge of failure to maintain proper firearm records, an offense that carries a maximum of a year in prison. As part of his guilty plea, he has agreed to pay a fine of $100,000.
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