Erik Prince, the founder of the notorious Blackwater private military company and chairman of the Frontier Services Group security firm, has revealed his plans to seek opportunities to invest in Israeli start-ups during his visit in July 2019 in an interview with The Jerusalem Post.

During his stay in the country, Prince will meet representatives of companies working in the defence and intelligence spheres, such as BlueBird Aero Systems and Axon Vision, the media outlet reported.

“I love the spirit of the Israeli people who have stepped out and followed their dream or a nagging idea to build something new. They have combined knowledge, tenacity and grit to build new entities and options”, he said.

Prince has a particular interest in former members of the IDF’s elite intelligence unit 8200, which became a cradle for future founders of Israeli hi-tech start-ups. The US businessman pointed out that people who have served in such units are usually those who are able to sort out problems without a “lot of hand-holding along the way”.

The Blackwater founder is planning to not just invest in these firms, but also to help them grow, sharing his experience, aiding them in conquering new markets, and warning them against some typical mistakes.

Prince’s Blackwater private military company wound up in hot water after several of its employees were found guilty of killing 14 unarmed Iraqi civilians for no reason in 2007.  The Blackwater contractors claimed that they were ambushed while they were escorting a US Embassy convoy through Nisour Square in Baghdad.

However, the court found one of the employees guilty of murder and three others of manslaughter. The contractors received sentences varying from 30 years in prison to life.

Following the scandal, which drew major criticism from the public, Blackwater was rebranded as Academi, with Prince leaving the company. He later founded the Hong Kong-based Frontier Services Group (FSG), which has reportedly recently faced scrutiny from the US Department of Defence over its contracts in China.

ALSO READ  Israeli Prime Minister Benjamin Netanyahu declares election victory


Source: Sputnik


Share this article:

Notice: All comments represent the view of the commenter and not necessarily the views of AMN.

All comments that are not spam or wholly inappropriate are approved, we do not sort out opinions or points of view that are different from ours.

This is a Civilized Place for Public Discussion

Please treat this discussion with the same respect you would a public park. We, too, are a shared community resource — a place to share skills, knowledge and interests through ongoing conversation.

These are not hard and fast rules, merely guidelines to aid the human judgment of our community and keep this a clean and well-lighted place for civilized public discourse.

Improve the Discussion

Help us make this a great place for discussion by always working to improve the discussion in some way, however small. If you are not sure your post adds to the conversation, think over what you want to say and try again later.

The topics discussed here matter to us, and we want you to act as if they matter to you, too. Be respectful of the topics and the people discussing them, even if you disagree with some of what is being said.

Be Agreeable, Even When You Disagree

You may wish to respond to something by disagreeing with it. That’s fine. But remember to criticize ideas, not people. Please avoid:

  • Name-calling
  • Ad hominem attacks
  • Responding to a post’s tone instead of its actual content
  • Knee-jerk contradiction

Instead, provide reasoned counter-arguments that improve the conversation.

newest oldest most voted
Notify of

when will the arabs let
let the kids open and play in technical help my own country RESEARCH