Kentucky company accused of handing over US military intelligence to China


LOUISVILLE, Ky. – Three and Louisville, The Kentucky-based magnet company was charged with federal fees on the allegations that they were involved in an illegal scheme for sending details about US military projects to China when supplying the US Department of Defense with unauthorized items.

Phil Pascoe, 60, and Monica Pascoe, 45, of Floyds Knobs, Indiana, and Scott Tubbs, a 59-year-old man from Georgetown, were charged together with Quadrant Magnetics LLC In keeping with a US Justice Department release, cable scams, violations of the Arms Export Control Act, smuggling of products, and sale of US military data to China. They were also accused of illegally supplying the Department of Defense with rare earth magnets utilized in magnetized aviation systems in China, in violation of national laws.

The indictment from the Department of Justice stated that from January 2012 to December 2018, three defendants “attempted to send roughly 70 drawings of export controlled technical data to an organization situated in China with no license from the US government.”

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