Tags: Blackwater | Erik Prince | Abu Dhabi

Blackwater Founder Reportedly Moves to Abu Dhabi

Wednesday, 18 Aug 2010 01:03 PM

Blackwater founder Erik Prince has moved to Abu Dhabi to do security work there, even as the company’s former top managers face criminal charges in the United States, according to a report in The New York Times.

The Times, which quotes court documents as its source on Prince’s move, noted that Blackwater Worldwide — its name now is Xe Services — is for sale.

Prince left the country after a series of civil lawsuits, criminal charges, and congressional investigations zeroed in on Blackwater and/or its former executives and other employees, the Times reported.

Prince himself does not face criminal charges, but five former top executives have been indicted on federal charges that include weapons, conspiracy and obstruction. Guards also are accused of being involved in murders.

Xe Services has received hundreds of millions of dollars in U.S. government contracts during the past decade, according to the Times, which reported that Prince intends to specialize in security work for governments in Africa and the Middle East.

Sources told the Times he is bitter about the legal snarls and negative publicity.

“He needs a break from America,” the Times quoted an anonymous colleague as saying.

For the full story in The New York Times — Go Here Now.

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