FINAL: Boeing Agrees To Pay $244M Penalty Criminal Fraud Over 737 MAX Avoiding Criminal Conviction And...
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FINAL UPDATE Boeing agrees to pay $244 million penalty to settle criminal fraud charges over 737 MAX The deal avoids a criminal conviction of Boeing as a company that could have disbarred it from future U.S. defense contracts The DOJ went easy on Boeing
Boeing has agreed to pay just over $2.5 billion to resolve a federal charge of "criminal misconduct" for how its employees misled regulatory officials during certification of the 737 MAX, the Department of Justice announced Thursday.
Of that amount, only $243.6 million, less than 10%, is a fine paid to the U.S. government for the criminal conduct, "which reflects a fine at the low end" of the sentencing guidelines, the court agreement states.
The rest includes an additional $500 million Boeing commits to pay in compensation to the families of the 346 people who died in two crashes of the MAX...
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