Erik Prince in the Hot Seat: Blackwater Founder Under Investigation for Illegal Mercenary Biz || 99,084 views Mar 25, 2016

02 September 2023

Erik Prince in the Hot Seat: Blackwater Founder Under Investigation for Illegal Mercenary Biz || 99,084 views Mar 25, 2016

99,084 views Mar 25, 2016

- In a major new exposé, The Intercept has revealed that the Justice Department is investigating Blackwater founder Erik Prince for possible money laundering, ties to Chinese intelligence, and attempts to broker military services to foreign governments. Prince is currently the chairman of Frontier Services Group, an aviation and logistics firm specializing in shipping in Africa. But documents obtained by The Intercept show that Prince has also set up shell companies to offer paramilitary services to at least a half-dozen African nations, including Libya. Both the United States and the United Nations have imposed a series of restrictions on military dealings in Libya. Prince is also suspected of attempting to open Chinese bank accounts to move money for his Libyan associates. As part of its investigation, The Intercept obtained an internal slide presentation showing Prince’s private force would operate in Libya for the stated purpose of stopping the flow of refugees to Europe. Prince has also long been interested in raising a private military force to battle Islamic militant groups in a variety of countries. We spend the hour with The Intercept’s Jeremy Scahill and Matthew Cole, the reporters behind "Erik Prince in the Hot Seat." "In a lot of ways, Erik Prince is like a Mafia don," Scahill says. "He has been able to avoid any criminal charges against him personally for activities that his companies have engaged in. … Whether or not the U.S. government will actually seriously go after him is still to be seen."

Scahill is the co-founder of The Intercept and author of the best-seller,

"Blackwater: The Rise of the World’s Most Powerful Mercenary Army."

His most recent book, "Dirty Wars: The World is a Battlefield," is out in paperback, and his film "Dirty Wars" was nominated for an Academy Award.

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