Monday, July 3, 2006

Boeing Deal Confirmed

Posted here was the upcoming Boeing deal with the DOJ.  It now is official, as the DOJ reports here that Boeing will be paying $615 million to "resolve fraud allegations."  The DOJ press release states:

"[t]he $615 million settlement includes a $565 million civil settlement and a $50 million monetary penalty according to a separate criminal agreement. The amount is a record for government procurement fraud, for the Department of Defense (DOD), and for NASA."

And Boeing is accepting responsibility and stating that they "put in place an ethics and compliance program that is as rigorous as any that exist in industry today." (see here).

(esp)

http://lawprofessors.typepad.com/whitecollarcrime_blog/2006/07/boeing_deal_con.html

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