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
= new reply since forum marked as read
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.
