Weird. When a guy in my unit accepted a couple hundred bucks in dependent pay after his divorce, he spent a year in Leavenworth for it
this post was submitted on 18 Oct 2024
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Was the guy in your unit also a worth about $70 billion?
Because RTX is.
That's the difference.
Cost of business punishments do not work.
A) The people who executed these deals broke the law and should be subject to criminal prosecution.
B) Raytheon should be subject to sanctions beyond fines. They should not be allowed to bid on any federal contracts for a specified time period.
IMO, this level of fraud should end up with RTX being nationalized.
And those who made the decision being held personally guilty as coconspirators
I'm not American, but defrauding the military and thus affecting the military capabilities of your country should be treated as treason. If you don't put these people away for a long time, you will end up like Russia.
Yeah, that’s the goal. US Capitalists want the power of Russian oligarchs
Reminds me of when Ex-Halliburtom CEO Dick Cheney was appointed as Vice President of the United States, the United States went to war, Halliburton was awarded no bid contracts totaling tens of billions of dollars...and then systematically overcharged and defrauded the government about the services they provided over the contract they were awarded.
edit: it's also interesting to see Liz Cheney quoted in this article arguing against a "left narrative" of grift and fraud when it clearly thrived under her father yet now she's against the pinnacle of it in Trump.
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!" 🤣
Hey, they had to answer some very stern questions.
No, they shouldn't just pay a fine to get out of this -especially since it's just a measly one billion dollars "cost of business" fine. They should lose all government business for a period of years.
Absolutely agree. Aside from any punishment, If our government is willing to continue to work with fraudulent partners, what the hell does that say about our government?
Nothing more will happen. The big defense contractors get a free pass because they are the funnel that brings money into the US from countries like Israel, Saudi Arabia, Afganistan, etc. The billion dollar fine is theatre so the few americans that are even paying attention won't make a stink.
The only thing better than shittons of money is more money.
Jailing the management is the only way the sort of thing will stop or at least slow down.