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Mel Kay, the company's founder, chairman and president, and Michael McLaughlin, another executive, agreed to plead guilty to charges of harboring illegal aliens. Kay will pay $200,000 and McLaughlin will forfeit $100,000.
The deal included jail time, but the length of the terms was not immediately known.
Jail time is unusual in such cases and the fines were thought to be among the largest. Last year, Wal-Mart agreed to pay $11 million to end a federal probe into use of illegal immigrants at stores in 21 states.
It is extremely rare for a company to be criminally charged with hiring illegal immigrants, said Steven Camarota, research director of the Center for Immigration Studies in Washington, D.C., a group that advocates tighter immigration controls.