A fraud charge is reportedly coming for the troubled planemaker Boeing, as the company struggles to deal with the fallout of a near-catastrophic in-flight incident earlier this year.
Topline
The Justice Department is planning to charge Boeing with fraud after prosecutors said the company failed to implement an agreed upon anti-fraud compliance program following two fatal plane crashes that killed 346 people in 2018 and 2019, according to multiple reports, citing unnamed sources familiar with the matter.Key Facts
The Justice Department will reportedly give Boeing until the end of the week to decide if it will plead guilty or face a trial.
A plea deal would reportedly involve a monitor being appointed to supervise Boeing’s compliance with fraud laws.
Boeing in 2021 paid a $243 million criminal fine but was able to avoid criminal charges tied to the pair of plane crashes when it agreed to create and implement a program that would find and prevent any violations of federal fraud law.
