Raytheon fined 950 million for defrauding the Pentagon

The full title is : RTX will pay almost $1B for defrauding DOD, allegedly bribing Qatari official
That’s on top of the $200 million levied in August for illegal exports to China and elsewhere.

I want to know who if anyone is going to jail ? Bribing a foreign national is the way business is done in much of this corrupt world but when you defraud the hand that feeds you then heads should roll IMO !

Defense giant Raytheon will pay the U.S government more than $950 million for defrauding the Pentagon and allegedly bribing a Qatari official, the Justice Department announced today.

RTX admitted to “two separate schemes” to defraud the Defense Department in connection with the Patriot missile systems and a radar system, and other defense services, according to a DOJ release.

“These schemes to defraud caused the DOD to pay Raytheon over $111 million more than Raytheon should have been paid on the contracts,” the release said.

RTX will pay the government more than $124 million for bribing a high-level Qatari military official to win defense contracts, and then concealed those payments by falsifying documents, according to an SEC filing.

“Raytheon engaged in criminal schemes to defraud the U.S. government in connection with contracts for critical military systems and to win business through bribery in Qatar,” said Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division. “Such corrupt and fraudulent conduct, especially by a publicly traded U.S. defense contractor, erodes public trust and harms the DOD, businesses that play by the rules, and American taxpayers. Today’s resolutions, with criminal and civil recoveries totaling nearly $1 billion, reflect the Criminal Division’s ability to tackle the most significant and complex white-collar cases across multiple subject matters.”

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