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One of the top corporate scandals over the past few years entered its next phase with the settlement by the Department of Justice (DOJ) with The Boeing Company (Boeing) around its fraud in the certification of its 737 MAX aircraft. The resolution was via a Deferred Prosecution Agreement (DPA). Under the DPA, Boeing agreed to pay a total amount of $2.5 billion. According to a DOJ Press Release, this total amount consisted 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.” This enforcement involved a fraud by Boeing on the US government. There are multiple lessons for the anti-bribery compliance
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.