The Boeing Company on Thursday (local time) agreed to pay over USD 2.5 million to resolve a criminal charge with the US Department of Justice after being accuse
$2.5 BIL FINE: Boeing Charged with Criminal Conspiracy over 737 Max Fraud
Posted on 01/08/2021
The recertified Boeing 737 Max completed its first U.S. commercial flight in December 2020. The Boeing 737 Max was banned in March 2019 after the Lion Air Flight 610 crash in October 2018 in Indonesia that killed 189 people. This tragic accident was followed five months later by the Ethiopian Airlines Flight 302 crash that caused the death of all 157 people aboard. The Boeing Company has entered into an agreement with the U.S. Department of Justice to resolve a criminal charge related to a conspiracy to defraud the Federal Aviation Administration’s Aircraft Evaluation Group (FAA AEG) in connection with the FAA AEG’s evaluation of Boeing’s 737 MAX airplane.
Publishing date: Jan 07, 2021 • January 7, 2021 • 1 minute read •
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WASHINGTON/SEATTLE Boeing Co will pay over $2.5 billion to resolve the U.S. Justice Department’s investigation into two deadly 737 MAX crashes that killed 346 people, the Justice Department said, but will not be forced to plead guilty to criminal charges.
The Justice Department said the settlement includes 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 passengers.
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Boeing Pays $2 5BN Criminal Penalty Tied To 737 MAX Crashes That Killed 350 zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Boeing to pay more than $2.5B fines in conspiracy case
VIDEO: Boeing to pay more than $2.5B fines in conspiracy case By Ray Rivera | January 7, 2021 at 4:21 PM EST - Updated January 7 at 6:32 PM
CHARLESTON, S.C. (WCSC) - Boeing has agreed to pay more than $2.5 billion in connection to a conspiracy to defraud the FAA related to the evaluation of the companyâs 737 MAX airplane, according to officials with the United States Department of Justice.
Government officials said Boeing entered into a deferred prosecution agreement on Thursday in the Northern District of Texas and was charged with one count of conspiracy to defraud the United States.