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Thu Jun 27, 2013, 02:33 PM

GE Fined $6.6 Million for Defrauding Military

GE Fined $6.6 Million for Defrauding Military

SANTA ANA, Calif. (CN) - General Electric Aviation Systems will pay $6.6 million to settle False Claims Act charges of defrauding the government in fighter jet parts, federal prosecutors said.

The General Electric subsidiary committed the frauds at its manufacturing plant in Santa Ana, the U.S. Attorney's Office said in a statement.

GEAS "knowingly failed to comply with contract specifications and failed to undertake proper quality control procedures" for 641 fuel tanks it made and delivered to the Navy for F/A-18 Hornet strike fighter jets, the U.S. attorney said.

GEAS also lied about tests on 228 parts used for Army UH-60 Blackhawk helicopters, prosecutors said in the statement.

The False Claims Act complaint was filed in Ohio, where GEAS is based, by whistleblower Jeffry Adler.

General Electric reported $145 billion in revenue in 2012, according to the company website.

The fine represents about 24 minutes of GE's income.

http://www.courthousenews.com/2013/06/27/58874.htm

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Reply GE Fined $6.6 Million for Defrauding Military (Original post)
The Straight Story Jun 2013 OP
Whisp Jun 2013 #1
msongs Jun 2013 #2
PoliticAverse Jun 2013 #3
The Straight Story Jun 2013 #4
sinkingfeeling Jun 2013 #5
KansDem Jun 2013 #6
4Q2u2 Jun 2013 #7
Seema Sapra May 2014 #8

Response to The Straight Story (Original post)

Thu Jun 27, 2013, 02:35 PM

1. Rachel or some other MSNBCer is sure to cover this tonight!

 



good news but could be much better - I would like to see the fine represent something like a year's income, something that will sting a bit.

On second thought, maybe they Will cover the story, but won't cover who owns NBC.

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Response to The Straight Story (Original post)

Thu Jun 27, 2013, 02:35 PM

2. so how many GE people are going to prison for this??????????? nt

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Response to The Straight Story (Original post)

Thu Jun 27, 2013, 02:37 PM

3. Isn't fraud still criminal ? n/t

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Response to PoliticAverse (Reply #3)

Thu Jun 27, 2013, 02:39 PM

4. Only for the poor (nt)

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Response to The Straight Story (Original post)

Thu Jun 27, 2013, 02:40 PM

5. Oww, what a slap on the hand! That's like .004% of their revenue.

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Response to sinkingfeeling (Reply #5)

Thu Jun 27, 2013, 03:02 PM

6. That'll learn 'em, dern 'em!!


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Response to The Straight Story (Original post)

Thu Jun 27, 2013, 03:18 PM

7. Not Reported

Not reported was that GE CEO then took out his wallet and paid the fine immediately. Called his accountant and had the fine listed on their taxes as a loss to write off. How are them jobs doing Mr. Immelt, find any new ones yet. Plenty of people still looking, but then your finance company could not foreclose on them if they had money.

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Response to The Straight Story (Original post)

Sun May 4, 2014, 12:06 PM

8. I am a General Electric whistleblower in India

 

Please read http://seemasapra.blogspot.in/

I am a lawyer who has filed a whistle-blower corruption petition against General Electric Company in the Delhi High Court in India. The matter is Writ Petition Civil No. 1280 of 2012 in the matter of Seema Sapra v General Electric Company and Others

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