https://www.justice.gov/opa/pr/boeing-charged-737-max-fraud-conspiracy-and-agrees-pay-over-25-billion
Boeing, a U.S.-based multinational corporation that designs, manufactures, and sells
commercial airplanes to airlines worldwide, entered into a
Deferred Prosecution Agreement (DPA) in connection with a criminal information
filed today in the Northern District of Texas.
The criminal information charges the company with one count of conspiracy to
defraud the United States.
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, and legal beneficiaries of the 346 passengers who died in the
Boeing 737 MAX crashes of Lion Air Flight 610 and Ethiopian Airlines Flight 302.
“The misleading statements, half-truths, and omissions communicated by
Boeing employees to the FAA impeded the government’s ability to ensure the
safety of the flying public,” said U.S. Attorney Erin Nealy Cox for the
Northern District of Texas.
“This case sends a clear message: The Department of Justice will hold manufacturers
like Boeing accountable for defrauding regulators – especially in industries where the
stakes are this high.”
When you pay the Department of Justice enough money, you too can get away with
mass mu---r
“Today's deferred prosecution agreement holds Boeing and its employees accountable
for their lack of candor with the FAA regarding MCAS,” said Special Agent in Charge
Emmerson Buie Jr. of the FBI’s Chicago Field Office.
“The substantial penalties and compensation Boeing will pay, demonstrate the
consequences of failing to be fully transparent with government regulators.
The public should be confident that government regulators are effectively doing
their job, and those they regulate are being truthful and transparent.”
The next time Boeing commits mass mu---r in an effort to gain market share.