Boeing to pay $200 million to settle SEC charges on misleading investors after deadly 737 Max crashes

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A Boeing 737 MAX 7 aircraft lands during an evaluation flight at Boeing Field in Seattle, Washington, September 30, 2020.

will pay $200 million and its former CEO will pay $1 million to settle charges over misleading investors in the wake of two deadly crashes of 737 Max jetliners, the Securities and Exchange Commission said.

"There are no words to describe the tragic loss of life brought about by these two airplane crashes," said SEC Chair Gary Gensler in a statement. The two crashes — one in October 2018 and another in March 2019 — killed all 346 people aboard the two flights and led to a worldwide grounding of the jetliners, which was first lifted in late 2020.

 

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Yankess will get away with everything eventually. A small stunt to fool the public but eventually they all act above the law. Had it been a foreign company, yanks would have ripped the company apart!!!!!!!!!

How about jail time for the CEO? No accountability as long you have a loaded wallet.

No jail time ?

Misleading investors (who still get to live on) and Boeing pays 200 mil. So whilst we are on the subject - how much will Boeing pay the passengers on the two aircraft that crashed? Oh wait - they're dead!

I want all dat money

Slap on the wrist. It's like a normal person paying $100 fine. It sucks but you forget it 2 minutes after paying.

346 people killed by lies and negligence. $200M is less than a single contract to them. This is nice, cheap, cost efficient homicide by Boeing

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