Its Over, page-22725

  1. 22,785 Posts.
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    ..$243mil fine seems like chump change for Boeing,...it paid the same amount 3 years ago but its corporate behaviour had not changed. Where is that money going - not to the victims.
    ..Too Big To Fail, they get away all the time.
    Boeing accepts a plea deal to avoid a criminal trial over 737 Max crashes, Justice Department says
    Story by DAVID KOENIG and ALANNA DURKIN RICHER
    • 10m • 2 min read

    Boeing will plead guilty to a criminal fraud charge stemming from two deadly crashes of 737 Max jetliners after the government determined the company violated an agreement that had protected it from prosecution for more than three years, the Justice Department said Sunday night.


    Federal prosecutors gave Boeing the choice this week of entering a guilty plea and paying a fine as part of its sentence or facing a trial on the felony criminal charge of conspiracy to defraud the United States.


    Prosecutors accused the American aerospace giant of deceiving regulators who approved the airplane and pilot-training requirements for it.

    The plea deal, which still must receive the approval of a federal judge to take effect, calls for Boeing to pay an additional $243.6 million fine. That was the same amount it paid under the 2021 settlement that the Justice Department said the company breached. An independent monitor would be named to oversee Boeing's safety and quality procedures for three years.
 
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