Boeing Seen Getting Off Easy in Fraud Settlement on 737 Max By Julie Johnsson and Alan Levin | January 11, 2021
Boeing Co. escaped heavy punishment in a U.S. criminal investigation into two deadly crashes of the 737 Max, according to an array of the company’s closest observers on Wall Street and in Washington, D.C.
The $243.3 million fine in a $2.5 billion settlement with the Justice Department was “small,” said JPMorgan Chase & Co. Prosecutors’ attempt to force a change in corporate behavior was “pathetic,” said U.S. Representative Peter DeFazio, who investigated Boeing. And Senator Richard Blumenthal said the deal was a “disgrace” that allowed the company to avoid larger changes.
Boeing Co. agreed to pay $2.5 billion to settle criminal charges that it defrauded the U.S. government by concealing information about the ill-fated 737 Max that was involved in two fatal crashes.