Business

No bail for man accused in Russian technology sale

HOUSTON — A federal judge in Houston denied bail Thursday to the owner of a Texas microelectronics company accused of conspiring to sell advanced technology to the Russian military.

US Magistrate George Hanks Jr. ordered Alexander Fishenko and two other defendants to federal custody in Brooklyn, N.Y., where they face numerous charges.

Fishenko will probably appeal the detention order there, said his attorney, Eric Reed.

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Fishenko, owner of Houston-based Arc Electronics Inc., and seven of his employees were arrested last week. Prosecutors say Fishenko instructed co-workers and associates to cover their tracks as they conspired to sell the highly regulated microelectronics.

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Prosecutors arguing against bail said the Kazakh-born naturalized American citizen was a flight risk. Reed argued his client wouldn’t flee because he has a 7-year-old son in the Houston area.

All are accused of scheming to illicitly sell military technology to Russia, starting in 2008.

Associated Press