Here you will know about How Paid the Largest Criminal Fine in History and how much they paid.
Do you know who are categorized as a criminal? Do you also feel charging a fine would stop them from committing a crime? The answer to these questions may not be straight, but today we will discuss something related to that. With the highlight of the recent incident, people worldwide, including Australia, New Zealand, United States, United Kingdom, started searching about the history of a criminal fine. So, do you know How Paid the Largest Criminal Fine in History? If no, then be with us; we will tell you more in detail.
Understanding Criminal Fines, and How Are the Amounts Determined?
The punishment to criminals includes imprisonment, ordeal, fines, or any combination. In addition, it also includes the death penalty in the most severe circumstances. However, fines as punishment are generally for less severe crimes such as drug possession, shoplifting, etc. The primary purpose behind this is to punish criminals for the crime they have already committed. Also, to stop them from committing more crimes in the future. Next, we will tell you How Paid the Largest Criminal Fine in History, but let us check how the fine amounts are determined.
Based on the type of crime:
As fines are reserved for less severe crimes, the amount depends on the type of crime committed. For example, if someone commits a property crime, the charge may include twice the amount of damage.
Based on the judge’s will:
May be judge feel to charge the amount in combination with other penalties. Or, in many jurisdictions, it is up to the judge to decide the amount and put the charge.
Statute: there may be a specific charge already decided for a particular crime. So, the criminal has to pay within that limit.
How Paid the Largest Criminal Fine in History?
To answer this question, here is the most expensive criminal fine ever in history:
- TEPCO
After the Fukushima nuclear disaster in 2011, Japan’s parliament concluded that Fukushima was an “extremely man-made disaster.” The corporation TEPCO was hit with compensation claims of 5 trillion yen (approximately £330 billion).
- In 2010, Deepwater Horizon Oil Spill was an oil disaster in the Gulf of Mexico; BP settled with £47 billion.
- Bank of American paid an enormous $16.65billion (£11billion) for mortgage finance practices that led to the economic meltdown.
Let us see some more companies How Paid the Largest Criminal Fine in History.
- In the aftermath of its emissions cheating scandal, Volkswagen was hit with $14.7 billion (£10 billion) in civil and criminal penalties from the US in 2016.
- Google for suspected enemy of cutthroat works on totalling generally $9.5 billion (£7 billion).
- In 2019, Facebook was expected to face fines of up to $5bn (£3.5bn).
- GlaxoSmithKline paid £782 million in criminal damages and £1.45 billion in civil damages in 2012 for failing to disclose safety data and off-label marketing.
- Pfizer paid £1.5 billion in 2009 for off-label medications, which you can see here.
- Johnson & Johnson paid 1.4 billion in 2013.
Conclusion
Now, we hope you got the answer to the question How Paid the Largest Criminal Fine in History. Here, we have seen how the amount is determined and which top-notch companies paid the fine for their crime. They must have learnt from the mistakes that they made earlier. Also, we hope that you have learn something from this post.
Have you ever been accused of a crime? Then, in the comment section below, let us know why and how much the amount was.
Also Read : – Coaches Fined for No Mask {Sep} Get Complete Insight!
