Tag Archives: fraud

Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

Boeing charged with 737 Max fraud conspiracy, to pay over $2.5 billion in fines

Boeing will pay a total criminal monetary amount of over $2.5 billion, composed 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 […]

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

Boeing has agreed to pay USD 2.5 billion to settle criminal charges in the US centred on the troubled 737 Max. Officials argued the manufacturer hid information from safety inspectors about the design of the aircraft. The US justice department said the firm chose profit over candour, impeding oversight of the planes, which were involved […]

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