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Boeing to pay $2.5bn to resolve 737 MAX criminal probe in US:
Boeing Co will pay over $2.5bn to resolve the United States Department of Justice (DOJ) investigation into two deadly 737 MAX crashes that killed 346 people, the DOJ said, but will not be forced to plead guilty to criminal charges.
The DOJ said the settlement includes a criminal monetary penalty of $243.6m, compensation payments to Boeing's 737 MAX airline customers of $1.77bn, and the establishment of a $500m crash-victim beneficiaries fund to compensate the heirs, relatives and legal beneficiaries of the passengers.
[...] Boeing admitted in court documents that two of its 737 MAX Flight Technical Pilots deceived the FAA about a key safety system tied to both fatal crashes called MCAS.
Boeing Chief Executive David Calhoun said in a statement the agreement "appropriately acknowledges how we fell short of our values and expectations."
The airline payment fund will include prior payments already made by the Boeing to airlines.
(Score: 5, Insightful) by driverless on Friday January 08 2021, @09:04AM (4 children)
Just pay us some money and we'll make it all neatly go away, no repercussions for anyone. In the meantime we'll be busy requesting a life sentence for some black guy caught with a few ounces of weed, we'll make sure he doesn't get away with that one, just you wait.
(Score: 2) by looorg on Friday January 08 2021, @09:06AM
It seems to pay better to be a Boeing customer then being, the family of, an airline casualty.
(Score: -1, Troll) by Anonymous Coward on Friday January 08 2021, @02:56PM (1 child)
or an unarmed white woman gets murdered by a black cop in the capital. her name is ashli babbitt.
(Score: 0, Offtopic) by Anonymous Coward on Friday January 08 2021, @05:44PM
You mean a member of an armed, violent, murderous mob gets shot in self-defense while trying to invade the seat of government. The traitor's name is ashli babbitt.
(Score: 5, Insightful) by Thexalon on Saturday January 09 2021, @03:31AM
Also worth keeping in mind with these kinds of deals is the simple fact that a company like Boeing wouldn't agree to $2.5 billion unless they had every reason to believe that the crimes they were guilty of, and the ensuing civil liabilities for what would come out at trial, would be significantly higher than $2.5 billion.
But yeah, apparently when you commit your crimes with a limited liability corporation, you can get away with absolutely anything (see also: the Sackler family and their international drug ring).
The only thing that stops a bad guy with a compiler is a good guy with a compiler.