Pfizer, the American pharmaceutical giant, has been hit with a $2.3 billion Fraud Settlement in history. The criminal fine agreed to be settled by Pfizer is believed to be the largest criminal fine in history against any company. The massive size of this settlement should provide you with an idea of the seriousness of the fraud which was reportedly being committed by the pharmaceutical giant.
This is reported to be the largest settlement in the history of the Department of Justice, to resolve criminal and civil liability arising from the illegal promotion of certain pharmaceutical products as reported by the US Justice Department.
“The U.S. Attorney’s offices for the District of Massachusetts, the Eastern District of Pennsylvania, and the Eastern District of Kentucky, and the Civil Division of the Department of Justice handled these cases. The U.S. Attorney’s Office for the District of Massachusetts led the criminal investigation of Bextra. The investigation was conducted by the Office of Inspector General for the Department of Health and Human Services (HHS), the FBI, the Defense Criminal Investigative Service (DCIS), the Office of Criminal Investigations for the Food and Drug Administration (FDA), the Veterans’ Administration’s (VA) Office of Criminal Investigations, the Office of the Inspector General for the Office of Personnel Management (OPM), the Office of the Inspector General for the United States Postal Service (USPS), the National Association of Medicaid Fraud Control Units and the offices of various state Attorneys General.” – Extract from The US Department of Justice.
These crimes were apparently brought to light by a group of Whistle Blowers.
More information can be found on the US Department of Justice website HERE.
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