Photogrpah by Imeh Akpanudosen — Getty Images
By Dan Primack
March 3, 2015

Former CIA director David Petraeus has reached a plea agreement with federal prosecutors, related to the alleged sharing of classified information with his former mistress.

Under terms of the deal, Petraeus admitted to one count of unauthorized removal and retention of classified materials.

It could result in the decorated U.S. Army veteran spending up to one year in prison, and it is unclear how this might affect his current job as chairman of the KKR Global Institute, a unit of private equity firm Kohlberg Kravis Roberts & Co. (KKR) that studies “macroeconomic trends and government policies to assess their implications on the firm’s investments.”

A KKR spokeswoman said that the firm doesn’t “have a comment at this time.” KKR also declined to comment earlier this year when reports first broke that the U.S. Justice Department was recommending that felony charges.

Petraeus originally joined KKR in 2013, after stepping down from his CIA post in the wake of his extra-marital affair being publicly revealed.

UPDATE: KKR has now issued the following statement, confirming that he will remain with the firm:

Since joining the firm in 2013, David Petraeus has made valuable contributions to KKR, and his work has benefited our investors. We look forward to working with him as he continues to add value as Chairman of the KKR Global Institute.

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