Efraim Diveroli

Miami Arms Dealer Dude Had Complex Web Of Business Dealings

Ryan J. Reilly | August 27, 2010, 1:00PM

The world headquarters of Pinnacle Minerals Corporation and AEY Inc.

In their newest case against the already-convicted 20-something Miami arms dealer Efraim Diveroli, the feds accused him this week of using a front company to hide his continuing involvement in the arms trade. But a closer look at Diveroli's recent dealings suggest that, even as he was awaiting sentencing on his initial conviction for selling the U.S. government poor-quality and illegal munitions for use in Afghanistan, Diveroli engaged in a series of transactions designed to obscure his involvement in companies involved in the arms business.

AEY, Inc., the business that Diveroli used a few years back to sell the U.S. Army out-of-date Eastern European munitions, is still around and is run out of Diveroli's upscale home in Miami Beach.

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