Wednesday, May 15, 2024

Criminal Prosecution

So that means people could go to jail, right?
May 14 (Reuters) - The U.S. Justice Department said on Tuesday that Boeing Co (BA.N), opens new tab had breached its obligations in a 2021 agreement that shielded the planemaker from criminal prosecution over fatal 737 MAX crashes in 2018 and 2019 that killed 346 people.

The Justice Department said in a court filing in Texas that the U.S. planemaker had failed to "design, implement, and enforce a compliance and ethics program to prevent and detect violations of the U.S. fraud laws throughout its operations."
So that means people could go to jail, right?
The determination exposes Boeing to a potential criminal prosecution over the 2018 and 2019 crashes that could carry steep financial penalties and tougher oversight, deepening a corporate crisis and reputational damage stemming from the January blowout.