Blackwater founder and Holland native Erik Prince is apparently under federal investigation for money laundering and trying to broker security forces to Libya and other African and European countries, according to a report in the online Intercept news site.

Prince, a former Navy SEAL, and his business activities are the subject of a lengthy story that alleges federal agencies are looking at Prince for allegedly trying to sell military services to Libya through his role as chairman of Frontier Services Group. The story, reported by Matthew Cole and Jeremy Scahill, uses extensive anonymous sources who say the government is eyeing Prince for receiving assistance from Chinese intelligence to set up an account for his Libya operations through the Bank of China.

Prince's attorney says called the allegations "total bullshit." The Department of Justice declined to comment for the story.

Prince is the son of the late industrialist Edgar Prince and the brother of conservative Michigan political activist Betsy DeVos. He founded Blackwater and built it into a global purveyor of security forces and mercenary military. He sold the firm in 2010 after former employees were given long sentences for killing 17 civilians in Baghdad in 2007.

That didn't stop Prince's role overseas as he moved to Abu Dhabi and created a new company that sent an 800-member battalion of non-Muslim foreign troops into the United Arab Emirates.

The Intercept story says Prince, in January 2014, went into business with the Chinese government's largest state-owned investment firm, the Citic Group, and founded Frontier Services Group, which is based in Hong Kong. Citic Group is the company's single largest investor, and two of FSG's board members are Chinese nationals.

The firm is a publicly traded aviation and logistics firm specializing in shipping in Africa and elsewhere, the report said. It also conducts high-risk evacuations from conflict zones. Prince has described his work with FSG as being "on the side of peace and economic development" and helping Chinese businesses to work safely in Africa.

From the story:

Read the whole story here: Erik Prince in the Hot Seat

Blackwater's Founder Is Under Investigation for Money Laundering, Ties to Chinese Intel, and Brokering Mercenary Services

Learn more about FSG below: