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Boeing Seen Getting Off Easy in Fraud Settlement on 737 Max

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. ....

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Boeing agrees to pay $2.5 billion to settle 737 Max fraud charge

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. ....

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Boeing Settles 737 Max Fraud Charge With $2.5 Billion Agreement

Boeing Settles 737 Max Fraud Charge With $2.5 Billion Agreement
Bloomberg
1/8/2021
Alan Levin and Julie Johnsson
© Bloomberg
The Boeing Co. 737 Max airplane taxis after landing during a test flight in Seattle, Washington, U.S., on Wednesday, Sept. 30, 2020. Federal Aviation Administration chief Steve Dickson, who is licensed to fly the 737 along with several other jetliners from his time as a pilot at Delta Air Lines Inc., will be at the controls of a Max that has been updated with a variety of fixes the agency has proposed and may soon make mandatory.
(Bloomberg) Boeing Co. reached a $2.5 billion agreement to settle a criminal charge that it defrauded the U.S. government by concealing information about the 737 Max, the ill-fated jet model involved in two fatal crashes that killed 346 people. ....

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