J&F U.S. bribery case

On October 14, 2020, J&F Investimentos pleaded guilty in federal court in Brooklyn to conspiring to violate the U.S. Foreign Corrupt Practices Act. Its admitted scheme ran from 2005 through 2017. J&F agreed to a $256.5 million criminal penalty; U.S. authorities allowed credit of up to half that amount for qualifying payments under the Brazilian resolution.

J&F admitted promising or paying more than $148 million for Brazilian officials’ benefit to obtain BNDES financing, more than $4.6 million for a Petros pension-fund executive’s benefit to secure merger approval, and approximately $25 million to a senior legislative official to obtain Caixa financing. The scheme used New York bank accounts and included a Manhattan apartment transferred as a bribe.

Related Reports

• J&F Investimentos
• Trump’s Beef Import Plan: The Batista Brothers, Bribery Cases and a $5 Million Donation

Sources and Records

1. DOJ: J&F guilty plea, October 14, 2020
2. 18 U.S.C. § 371 — full governing conspiracy passage
3. J&F criminal information, filed October 14, 2020

AI generated report by Explorvia.com.