Boeing will pay $2.5 billion to settle criminal fraud charges over 737 Max
Boeing’s payment will go to airlines harmed by the plane’s grounding and crash victims’ families.
Boeing 737 Max jets sit parked in Renton, Wash., in 2019.(Elaine Thompson / AP)
Federal prosecutors filed criminal fraud charges Thursday against airplane maker Boeing Co. for “impairing, obstructing, defeating and interfering” with U.S. regulators’ attempts to properly certify the 737 Max and its faulty software program before two fatal crashes.
As part of a deferred prosecution deal, Boeing agreed to pay $2.5 billion, including setting up a $500 million fund to pay claims by families of the 346 victims, according to the U.S. attorney for the Northern District of Texas, where the charges were filed.
Boeing pays $2 5 billion fine over 737 Max crashes - New York Daily News
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Boeing Pays $2 5BN Criminal Penalty Tied To 737 MAX Crashes That Killed 350
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Boeing charged with 737 MAX fraud conspiracy, will pay $2.5 billion in penalties
Boeing entered into a deferred prosecution agreement with the Department of Justice in connection with criminal information filed Thursday, Jan. 7 in Texas. Author: KING 5 Staff Updated: 12:34 AM EST January 8, 2021
The Boeing Company will pay $2.5 billion to resolve a criminal charge related to conspiracy to defraud the FAA s Aircraft Evaluation Group as well as compensate MAX airline customers and establish a crash-victim beneficiaries fund.
Boeing entered into a deferred prosecution agreement with the Department of Justice in connection with criminal information filed Thursday, Jan. 7, in Texas.
The criminal information charges the company with one count of conspiracy to defraud the United States, which was brought to light amid the investigations into the MAX 737 following two deadly crashes that killed 346 people, according to the Department of Justice.