Risk & Compliance

Plea Hearing Cancelled for Boeing’s Ex-CFO

But Michael Sears’s plea of guilty to helping a former Air Force official get a job at the aerospace and defense company is likely to be intact.
Stephen TaubAugust 11, 2004

Michael Sears has received what’s likely to be a temporary reprieve. The Aug. 11 hearing at which the former Boeing CFO was planning to plead guilty to helping a former Air Force official get a job at the aerospace giant while she was overseeing a huge contract was canceled by prosecutors, according to Reuters.

The wire service added that Sam Dibbley, a spokesperson for U.S. attorney Paul McNulty, acknowledged that the hearing was removed from the docket of the U.S. District Court in Alexandria, Va. Dibbley, however, declined to explain the decision by prosecutors.

Sears’s plea agreement with the government is still intact, according to Reuters. What’s more, Darleen Druyun, the former Air Force official who pleaded guilty to one felony count of conspiracy in April, is still slated to appear for her hearing on Sept. 3.

Jamie Wareham, an attorney for Sears, declined comment on the case, according to the report.

Both Sears and Druyun are looking at possible prison time of no more than six months, Reuters also noted.

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