U.S. Securities and Exchange Commission

Lumber Liquidators pleads guilty to federal charges

Lumber Liquidators pleads guilty to federal charges

Toano-based Lumber Liquidators agreed to plead guilty Wednesday to five federal charges, including one felony, and to pay a $10 million penalty for using illegally harvested and imported lumber in its floor covering products.

The plea agreement ends a more than two-year  investigation into the company for importing illegally sourced wood products.

In the course of that investigation a federal search warrant was served on Lumber Liquidator's Toano headquarters in September 2013, by several federal agencies, including Homeland Security.

According to the Justice Department the wood in some Lumber Liquidators products came from Russia and Myanmar. Logging in Eastern...