Boeing criminally charged for lying about 737 Max crashes, fined $2.5 billion

Boeing has been criminally charged with conspiracy to defraud the US by the Division of Justice and must pay a $2.5 billion nice for mendacity to the Federal Aviation Administration earlier than and after the deadly 737 Max crashes in 2018 and 2019.

The Justice Division announced the charges and fine, which have been a part of a deferred prosecution settlement, on Thursday. The $2.5 billion features a $243.6 million “felony financial penalty,” $1.77 billion that will likely be paid out to airways who have been prospects of the airplane, and $500 million that may go to a fund to assist households and kinfolk of the individuals who died within the two crashes.

“The deceptive statements, half-truths, and omissions communicated by Boeing staff to the FAA impeded the federal government’s capability to make sure the security of the flying public,” US Legal professional Erin Nealy Cox stated in a press release. “This case sends a transparent message: The Division of Justice will maintain producers like Boeing accountable for defrauding regulators – particularly in industries the place the stakes are this excessive.”


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