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Brazil, Bribes, and Banks: Brazilian Investment Company Pays $265M Fine in FCPA SEC and DOJ Enforcement Action Evidencing Ongoing Corruption Risks in Equity Financing in Brazil
On October 14, 2020, Brazil-based investment company J&F Investimentos (“J&F”) pled guilty to conspiring to violate the Foreign Corrupt Practices Act and agreed to pay a $256 million fine to the U.S. Department of Justice (“DOJ”) to resolve the case.