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Defrauded the Federal Aviation Administration
- Boeing reached a $2.5 billion settlement with the Justice Department on Thursday to settle criminal charges that the company defrauded the Federal Aviation Administration when it first won approval for the flawed 737 Max jet. The plane was grounded by the FAA in March 2019 following two fatal crashes that killed 346 people.
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Jan 7, 2021 · Boeing has agreed to cooperate with any individual prosecutions arising out of this case. The settlement includes a $243.6 million criminal fine, compensation payments of $1.77 billion to...
May 15, 2024 · Boeing and the Justice Department secretly negotiated a settlement – called a deferred prosecution agreement – in which Boeing blamed the deception on two low-level employees and agreed to pay $2.5 billion, mostly to its airline customers. In exchange, the government agreed to drop a single criminal count of fraud if Boeing kept clean for ...
Jan 7, 2021 · Under the terms of the DPA, Boeing will pay a total criminal monetary amount of over $2.5 billion, composed of a criminal monetary penalty of $243.6 million, compensation payments to Boeing’s 737 MAX airline customers of $1.77 billion, and the establishment of a $500 million crash-victim beneficiaries fund to compensate the heirs, relatives ...
Jan 7, 2021 · Marco Bello/Reuters. By Niraj Chokshi and Michael S. Schmidt. Published Jan. 7, 2021 Updated Oct. 15, 2021. Boeing agreed to pay more than $2.5 billion in a legal settlement with the...
Jan 8, 2021 · Mulugeta Ayene/AP. Boeing will pay more than $2.5 billion to settle a criminal charge related to the two 737 Max plane crashes in 2018 and 2019 that killed 346 people. The Justice Department has...
- David Schaper
Jan 7, 2021 · Key Points. Boeing agreed to pay a $2.5 billion fine to settle a criminal conspiracy charge, ending a roughly two-year investigation. The Justice Department said Boeing employees concealed...
Jan 7, 2021 · The penalty: The $2.5 billion settlement consists of a criminal monetary penalty of $243.6 million, $1.77 billion in compensation to Boeing’s airline customers and a $500 million fund...
