5 Biggest Financial Scandals in US History

3. The Goldman Sachs Group, Inc. (NYSE:GS)

The 2008 financial crisis saw many companies receive massive fines from the SEC in the aftermath but the biggest was reserved for The Goldman Sachs Group, Inc. (NYSE:GS), which was accused of defrauding investors by misstating and not mentioning important facts regarding a financial product connected to subprime mortgages. The Goldman Sachs Group, Inc. (NYSE:GS) paid a record amount of $550 million for its actions.