Monday, Aug. 03, 1992
Et Cetera
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.