Funny how being VP has his perks. Cheney is still VP and Halliburton still have contracts, yet, Ex-Boeing CFO and former Pentagon acquisitions official Darleen Druyun gets to serve jail term. It is good to be the King.
Ex-Boeing CFO Gets Jail Term
By Ross Snel
TheStreet.com Staff Reporter
http://www.thestreet.com/_googlen/markets/rosssnel/1020... Boeing's (BA:NYSE - news - research) former chief financial officer, Michael Sears, received a four-month prison sentence Friday for his role in a high-profile Pentagon procurement scandal.
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Sears pleaded guilty in November to a single criminal count for helping former Pentagon acquisitions official Darleen Druyun negotiate a $250,000-a-year Boeing job while she oversaw Air Force contracts.Last April, Druyun pleaded guilty to one count of conspiracy in the case. Then, at her October sentencing,
she confessed to steering contracts toward Boeing. Druyun admitted to
authorizing a higher price than she thought appropriate on a controversial tanker deal, as a "parting gift" to the company. She is serving a nine-month prison sentence. The government has scuttled the $23.5 billion tanker deal and required the Pentagon to take competitive bids for future tanker procurements.
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Other contracts Druyun oversaw are coming under increased scrutiny. On Monday, the Department of Defense's top weapons buyer asked the department's inspector general to investigate eight contracts with apparent discrepancies. Boeing was a contractor on four of them. The request followed a Defense Contract Management Agency review of thousands of contracts Druyun was involved in dating back to 1993.