Boeing is pleading guilty to criminal fraud conspiracy, but that doesn’t mean anyone is going to jail. Veuer’s Matt Hoffman has the story.
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00:00Boeing reached an agreement with the Justice Department Sunday to plead guilty to criminal
00:03fraud conspiracy. But no, that doesn't mean anyone is going to prison. The charge stems
00:08from crashes in Indonesia and Ethiopia in 2018 and 2019, which killed a total of 346 people.
00:14According to The Hill, in 2021, the Justice Department agreed not to prosecute the company
00:18for three years, but it now says Boeing violated that agreement. As part of this new agreement,
00:23Boeing would pay a $244 million fine and invest $455 million in compliance and safety programs.
00:31But the deal could still be rejected by a federal judge, and some family members of the crash's
00:35victims say it should be. CNN quotes Javier De Luis, whose sister Graciela was among the victims,
00:40as saying,
00:41The penalties and conditions imposed on Boeing as a result of this plea deal are
00:44not substantively different than those that failed to change Boeing's safety culture.
00:48But the government may have felt itself too dependent on Boeing to impose harsher measures.
00:53Connecticut Senator Richard Blumenthal gave an indication of this during a hearing in June.
00:57Boeing needs to succeed for the sake of the jobs it provides, for the sake of local economies
01:04it supports, for the sake of the American traveling public, for the sake of our military.