Backfire

Backfire

Attempts to defraud the U.S. government in a sale of military jet engines to Israel wound up costing General Electric $69 million. In a Cincinnati federal court, GE's aircraft-engine division settled civil and criminal charges of conspiring with an Israeli air force general to bill the Pentagon for fictitious parts and testing equipment. A GE manager stationed in Israel between 1984 and 1989 blew the whistle on his employer two years ago.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!