Special Report

30 Scandals That Cost Companies Billions in Fines

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30. Abbott Laboratories
> Fine or settlement amount: $1,500,000,000
> Agency imposing fine: US DOJ
> Reason: Pleaded guilty to resolve charges of unlawful promotion of the prescription drug Depakote for uses not approved as safe and effective by the FDA

29. Barclays
> Fine or settlement amount: $2,000,000,000
> Agency imposing fine: US DOJ
> Reason: Civil penalties for alleged conduct related to underwriting and issuance of residential mortgage-backed securities between 2005 and 2007

Source: Public Domain / Wikimedia Commons

28. Ocwen Financial
> Fine or settlement amount: $2,125,000,000
> Agency imposing fine: CFPB
> Reason: For misconduct that occurred at every stage of the mortgage servicing process

Source: tupungato / iStock Editorial via Getty Images

27. Pfizer
> Fine or settlement amount: $2,300,000,000
> Agency imposing fine: FDA
> Reason: Pleaded guilty to a criminal charge relating to misbranding of its now-withdrawn Bextra pain medicine with the intent to defraud or mislead

Source: Michael Vi / iStock Editorial via Getty Images

26. Merck
> Fine or settlement amount: $2,300,000,000
> Agency imposing fine: IRS
> Reason: Settlement to resolve several disputed tax issues

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