Paolo Zialcita

A New York-based security products company and seven of its employees are being charged with fraud, money laundering and illegal importation of equipment manufactured in China.

Several U.S. agencies, including the FBI and the IRS, allege that Aventura Technologies Inc. falsely claimed that its products were made in the U.S. and also misrepresented itself as a woman-owned small business in order to gain access to federal contracts set aside for those businesses.

Chinese officials are cracking down on youth online gaming, which they say negatively affects the health and learning of minors. Official guidelines released Tuesday outline a new curfew and time restrictions for gamers under 18.