RTX CORPORATION, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar.
“Raytheon engaged in criminal schemes to defraud the U.S. government,” said Deputy Assistant Attorney General Kevin Driscoll of the Justice Department’s Criminal Division on Wednesday. “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.”
RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. It also agreed to enter a separate deferred prosecution agreement, which requires increased government oversight and transparency for the next three years, in connection with the Qatari kickbacks.
Immmissingbthe part about the jail terms for the execs that made and operated this scheme.
I mean, if I commit billions of dollars in fraud, possibly commit treason by taking bribes for weapons, etc, I’ll go to jail for life.
How about the execs?
“Executives are paid so much more because they take on more responsibility and risk!” 🤣
They take it, and leave it in one go.
Hey, they had to answer some very stern questions.