FILE - Boeing employees work on the 737 MAX on the final assembly line at Boeing's Renton plant, June 15, 2022 in Renton, Wash. The SEC announced Thursday, Sept. 22, 2022, that Boeing Co. will pay $200 million to settle allegations that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people.
“Boeing and Muilenburg put profits over people by misleading investors about the safety of the 737 Max all in an effort to rehabilitate Boeing’s image" after the crashes, said Gurbir Grewal, director of the SEC’s enforcement division. A new Max operated by Indonesia's Lion Air crashed into the Java Sea in October 2018, and another Max flown by Ethiopian Airlines nosedived into the ground near Addis Ababa in March 2019. In each crash, MCAS pushed the nose down after getting faulty readings from a single sensor, and pilots were unable to regain control.
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Boeing to pay $200 mln to settle U.S. charges it misled investors about 737 MAXBoeing Co will pay $200 million to settle civil charges by the U.S. Securities and Exchange Commission that it misled investors about its 737 MAX, which was grounded for 20 months after two fatal crashes killed 346 people, the agency said on Thursday. Why do companies get fines. Why don't company executives get charged for fraud? Wow very nice plane
Source: Reuters - 🏆 2. / 97 Read more »
Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. Hefty fines that they will pass on to customers by fees increase, so it’s the customers that will be paying these fines. They should be in jail! That’s less than they sold the two planes that crashed for
Source: CNN - 🏆 4. / 95 Read more »
Boeing to pay $200 million to settle charges it misled investors on 737 Max crashesThe aircraft maker and its former CEO allegedly misled the public and investors by claiming the plane was safe despite knowing that a flight-control system posed a safety risk, the Securities and Exchange Commission said on Thursday. 🛑News Flash: it’s deceitful Corporations, Universities, Police D and ponzi schemes having to payout millions in all kinds of LAWSUITS: Sex abuse, Opioids,defective products, food poisoning and bad killer cops causing increase pricing and tax base INCREASES supply chain my foot! Bad Actors are allowed to use law enforcement as a tool to cover up crimes like tax evasion, fraud, securitiesfraud... Cases: IRS_CI 2020-002634/2020-007235 TIGTA TRN-2009-0433 TIGTA TRN-2003-0591 The penalty is rather funny
Source: CBSNews - 🏆 87. / 68 Read more »
Boeing pays $200 million to settle SEC charges over 737 MaxBoeing Co. will pay $200 million to settle charges that the company and its former CEO misled investors about the safety of its 737 Max after two of the airliners crashed, killing 346 people. The Securities and Exchange Commission said Thursday that it charged the aircraft maker and former CEO Dennis Muilenburg with making significant misleading public statements about the plane and an automated flight-control system that was implicated in the crashes in Indonesia and Ethiopia. Another case of a peanuts fine for a mega corporation. Who gets that money? Hopefully families of the crash victims. Culpable homicide may be a more appropriate charge for Boeing?
Source: AP - 🏆 728. / 51 Read more »
Boeing agrees to pay $200 million for misleading the public about the 737 MaxBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. This is a penny with a hole in it. Corporations like this wipe their asses with $200 million dollars.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Boeing agrees to pay $200 million for misleading the public about the 737 Max | CNN BusinessBoeing and its former CEO Dennis Muilenburg agreed to pay hefty fines to settle charges from the Securities and Exchange Commission that they misled the public about the safety of the 737 Max following two fatal crashes in 2018 and 2019. pocket change Iran regime is killing innocent people on the streets, cut down the internet and killing people in silence. It doesn’t matter you are not Iranian, if you believe in human_rights please please be our voice Mahsa_Amini my my that sure is a hefty sum for a conglomerate like boeing to pay for deceiving the public about their prioritizing profits over human lives! no, for sure, it’s gonna teach them such a serious lessons that they’re never gonna do it ever again for another year or so!
Source: cnni - 🏆 326. / 59 Read more »