Boeing CFO gets four-month jail sentence
By George Cahlink
gcahlink@govexec.com
Former Boeing Chief Financial Officer Michael Sears was sentenced to four months in federal prison and fined $250,000 on Friday for illegally negotiating a job for a top Air Force official at the nation's second-largest defense contractor.
"I know what I did was wrong and I am truly sorry," Sears, 57, said in federal district court in Alexandria, Va.
Sears recruited Darleen Druyun, a top Air Force procurement official--via e-mails and a secret meeting at a Florida airport--to a $250,000-per-year job overseeing Boeing's missile defense contracts.
Druyun was sentenced last fall to nine months in a minimum-security federal prison in Florida. She had negotiated the Boeing job while still working for the Air Force overseeing billion of dollars in Boeing contracts. In court, Druyun admitted to favoring the company in some contract talks in exchange for a job for herself, her daughter and son-in-law.
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