IBOV 176,227 ▲ 0.28% IPSA 10,928 ▲ 0.16% IPC MEX 66,725 ▲ 1.14% MERVAL 3,238,659 ▲ 0.10% COLCAP 2,300.76 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL5.07▼ 1.25% USD/MXN17.43▼ 0.59% USD/CLP923.80▼ 0.98% USD/COP3,253▼ 0.30% USD/PEN3.39▼ 0.65% USD/ARS1,473▼ 0.67% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.34▲ 0.44% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.36% BRENT 84.78 ▲ 1.78% WTI 79.09 ▲ 1.22% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.33% GOLD 4,067 ▲ 1.74% SILVER 59.10 ▲ 2.54% SOY 1,192 ▼ 0.83% CORN 460.75 ▲ 5.25% WHEAT 646.75 ▲ 3.15% COFFEE 326.65 ▼ 4.32% SUGAR 14.89 ▲ 0.95% ORANGE JUICE 138.80 ▼ 2.63% COTTON 81.68 ▲ 2.32% COCOA 5,901 ▲ 3.60% BEEF 231.80 ▼ 1.25% CATTLE 349.40 ▼ 1.40% LITHIUM 71.40 ▲ 1.65% PETR4 40.82 ▲ 0.39% VALE3 74.08 ▲ 1.69% ITUB4 43.51 ▼ 0.02% BBDC4 18.59 ▼ 0.96% ABEV3 15.89 ▲ 0.38% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.25 ▼ 0.32% PRIO3 57.03 ▼ 0.30% SUZB3 41.14 ▼ 0.84% RENT3 40.35 ▲ 0.37% AZZA3 18.81 ▼ 2.13% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.96 ▲ 0.51% PSSA3 54.07 ▲ 0.06% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.71 ▼ 1.15% NATU3 8.51 ▼ 1.05% BRKM5 6.66 ▼ 4.03% RANI3 8.02 ▲ 0.88% CSNA3 5.20 ▼ 0.76% CMIN3 5.22 ▼ 4.22% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.82 ▼ 0.22% CPFE3 47.02 ▲ 0.38% CMIG4 11.12 ▲ 0.45% EQTL3 40.48 ▲ 0.67% LREN3 14.13 ▼ 0.14% VIVT3 35.30 ▲ 1.64% RAIL3 14.14 ▲ 0.21% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.60 ▲ 0.11% HAPV3 10.68 ▲ 2.10% FLRY3 16.31 ▲ 0.99% SMTO3 16.22 ▼ 0.92% UGPA3 30.25 ▼ 2.20% VBBR3 32.86 ▲ 0.31% BBSE3 40.15 ▼ 0.32% BPAC11 58.01 ▲ 0.85% CURY3 32.86 ▼ 0.79% AERI3 2.09 ▲ 0.48% VIVARA 23.26 ▲ 0.65% COMPASS 25.13 ▲ 1.45% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.64 ▼ 0.02% GMEXICO 201.59 ▲ 3.07% FEMSA 233.69 ▲ 3.70% CEMEX 22.15 ▲ 1.70% GFNORTE 186.99 ▲ 2.70% BIMBO 56.37 ▲ 0.89% TELEVISA 9.48 ▼ 1.35% AMX 22.86 ▲ 1.20% GAP 386.93 ▼ 5.21% ASUR 278.43 ▼ 0.08% OMA 233.96 ▲ 0.27% KOF 182.17 ▲ 0.50% GRUMA 283.44 ▲ 0.74% KIMBER 38.46 ▲ 0.63% SQM-B 67,880 ▲ 1.00% COPEC 6,082 ▲ 0.41% BSANTANDER 78.65 ▲ 0.58% FALABELLA 5,889 ▼ 0.27% ENELAM 85.49 ▲ 1.53% CENCOSUD 2,064 ▲ 1.19% CMPC 1,081 ▲ 0.26% BANCO CHILE 188.12 ▲ 1.69% LATAM AIR 24.60 ▼ 1.20% YPF 77,375 ▲ 0.26% GGAL 8,025 ▼ 0.68% PAMPA 5,210 ▼ 0.29% TXAR 664.00 ▼ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,725 ▲ 1.62% CEPU 2,300 ▼ 0.82% MIRGOR 16,825 ▼ 1.03% COME 45.16 ▲ 0.85% LOMA NEGRA 3,565 ▲ 1.93% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,263 ▲ 0.29% ECOPETROL 16.05 ▲ 1.07% BANCOLOMBIA 81.99 ▲ 1.95% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 390.96 ▲ 0.45% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.29% MERCADOLIBRE 1,878 ▲ 0.56% NUBANK 14.01 ▲ 2.45% XP 16.83 ▲ 2.78% PAGSEGURO 9.25 ▼ 0.38% STONE 11.23 ▲ 0.67% GLOBANT 31.86 ▼ 0.81% TECNOGLASS 43.41 ▲ 1.33% GAP AIRPORT 222.39 ▼ 4.46% ASUR 278.43 ▼ 0.08% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.25 ▲ 0.85% FEMSA ADR 134.15 ▲ 3.98% CEMEX ADR 12.72 ▲ 2.17% PETROBRAS ADR 18.00 ▲ 0.64% VALE ADR 14.56 ▲ 2.64% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.11 ▲ 1.63% CSN 1.03 ▼ 0.49% GERDAU 4.57 ▲ 1.78% LATAM ADR 53.46 ▲ 0.24% BTC 64,712 ▲ 3.97% ETH 1,872 ▲ 5.54% SOL 77.28 ▲ 3.23% XRP 1.10 ▲ 3.64% BNB 581.53 ▲ 2.63% ADA 0.17 ▲ 5.26% DOGE 0.07 ▲ 3.73% AVAX 6.65 ▲ 3.19% LINK 8.27 ▲ 5.06% DOT 0.86 ▲ 2.45% LTC 44.62 ▲ 2.60% BCH 237.99 ▲ 0.74% TRX 0.32 ▲ 0.24% XLM 0.18 ▲ 2.39% HBAR 0.07 ▲ 0.43% NEAR 2.03 ▲ 6.06% ATOM 1.55 ▲ 1.04% AAVE 100.00 ▲ 5.98% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.40 ▲ 1.43% JBS 11.85 ▲ 0.42% JBS BDR 60.11 ▼ 0.82% MBRF3 16.00 ▲ 1.78% MBRFY 3.09 ▲ 1.31% INTER 5.66 ▲ 0.18% EGX 52,299 ▼ 0.59% USD/ZAR16.36▼ 0.68% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.14▼ 0.19% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.45% GBP/USD1.34— 0.00% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD1.41▼ 0.66% US10Y 4.5870 ▼ 0.48% IBOV 176,227 ▲ 0.28% IPSA 10,928 ▲ 0.16% IPC MEX 66,725 ▲ 1.14% MERVAL 3,238,659 ▲ 0.10% COLCAP 2,300.76 ▼ 0.30% BVL PERÚ 56,428.20 ▲ 1.50% USD/BRL 5.07 ▼ 1.25% USD/MXN 17.43 ▼ 0.59% USD/CLP 923.80 ▼ 0.98% USD/COP 3,253 ▼ 0.30% USD/PEN 3.39 ▼ 0.65% USD/ARS 1,473 ▼ 0.67% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.34 ▲ 0.44% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.36% BRENT 84.78 ▲ 1.78% WTI 79.09 ▲ 1.22% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.33% GOLD 4,067 ▲ 1.74% SILVER 59.10 ▲ 2.54% SOY 1,192 ▼ 0.83% CORN 460.75 ▲ 5.25% WHEAT 646.75 ▲ 3.15% COFFEE 326.65 ▼ 4.32% SUGAR 14.89 ▲ 0.95% ORANGE JUICE 138.80 ▼ 2.63% COTTON 81.68 ▲ 2.32% COCOA 5,901 ▲ 3.60% BEEF 231.80 ▼ 1.25% CATTLE 349.40 ▼ 1.40% LITHIUM 71.40 ▲ 1.65% PETR4 40.82 ▲ 0.39% VALE3 74.08 ▲ 1.69% ITUB4 43.51 ▼ 0.02% BBDC4 18.59 ▼ 0.96% ABEV3 15.89 ▲ 0.38% BBAS3 20.50 ▲ 1.28% B3SA3 15.32 ▲ 1.32% WEGE3 44.25 ▼ 0.32% PRIO3 57.03 ▼ 0.30% SUZB3 41.14 ▼ 0.84% RENT3 40.35 ▲ 0.37% AZZA3 18.81 ▼ 2.13% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.96 ▲ 0.51% PSSA3 54.07 ▲ 0.06% CVCB3 1.28 ▲ 2.40% POSI3 3.94 ▼ 1.25% SLCE3 13.71 ▼ 1.15% NATU3 8.51 ▼ 1.05% BRKM5 6.66 ▼ 4.03% RANI3 8.02 ▲ 0.88% CSNA3 5.20 ▼ 0.76% CMIN3 5.22 ▼ 4.22% USIM5 8.29 ▼ 1.07% GGBR4 23.11 ▲ 1.27% ENEV3 26.82 ▼ 0.22% CPFE3 47.02 ▲ 0.38% CMIG4 11.12 ▲ 0.45% EQTL3 40.48 ▲ 0.67% LREN3 14.13 ▼ 0.14% VIVT3 35.30 ▲ 1.64% RAIL3 14.14 ▲ 0.21% KLABIN 17.39 ▼ 0.51% RAIA DROGASIL 18.38 ▲ 0.99% RDOR3 35.60 ▲ 0.11% HAPV3 10.68 ▲ 2.10% FLRY3 16.31 ▲ 0.99% SMTO3 16.22 ▼ 0.92% UGPA3 30.25 ▼ 2.20% VBBR3 32.86 ▲ 0.31% BBSE3 40.15 ▼ 0.32% BPAC11 58.01 ▲ 0.85% CURY3 32.86 ▼ 0.79% AERI3 2.09 ▲ 0.48% VIVARA 23.26 ▲ 0.65% COMPASS 25.13 ▲ 1.45% VAMOS 3.05 ▲ 0.99% SANB11 27.32 ▼ 0.18% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.64 ▼ 0.02% GMEXICO 201.59 ▲ 3.07% FEMSA 233.69 ▲ 3.70% CEMEX 22.15 ▲ 1.70% GFNORTE 186.99 ▲ 2.70% BIMBO 56.37 ▲ 0.89% TELEVISA 9.48 ▼ 1.35% AMX 22.86 ▲ 1.20% GAP 386.93 ▼ 5.21% ASUR 278.43 ▼ 0.08% OMA 233.96 ▲ 0.27% KOF 182.17 ▲ 0.50% GRUMA 283.44 ▲ 0.74% KIMBER 38.46 ▲ 0.63% SQM-B 67,880 ▲ 1.00% COPEC 6,082 ▲ 0.41% BSANTANDER 78.65 ▲ 0.58% FALABELLA 5,889 ▼ 0.27% ENELAM 85.49 ▲ 1.53% CENCOSUD 2,064 ▲ 1.19% CMPC 1,081 ▲ 0.26% BANCO CHILE 188.12 ▲ 1.69% LATAM AIR 24.60 ▼ 1.20% YPF 77,375 ▲ 0.26% GGAL 8,025 ▼ 0.68% PAMPA 5,210 ▼ 0.29% TXAR 664.00 ▼ 0.08% ALUAR 960.00 ▼ 0.47% TGS 9,725 ▲ 1.62% CEPU 2,300 ▼ 0.82% MIRGOR 16,825 ▼ 1.03% COME 45.16 ▲ 0.85% LOMA NEGRA 3,565 ▲ 1.93% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,263 ▲ 0.29% ECOPETROL 16.05 ▲ 1.07% BANCOLOMBIA 81.99 ▲ 1.95% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 390.96 ▲ 0.45% SOUTHERN COPPER 180.16 ▲ 3.23% BUENAVENTURA 30.80 ▲ 3.29% MERCADOLIBRE 1,878 ▲ 0.56% NUBANK 14.01 ▲ 2.45% XP 16.83 ▲ 2.78% PAGSEGURO 9.25 ▼ 0.38% STONE 11.23 ▲ 0.67% GLOBANT 31.86 ▼ 0.81% TECNOGLASS 43.41 ▲ 1.33% GAP AIRPORT 222.39 ▼ 4.46% ASUR 278.43 ▼ 0.08% OMA AIRPORT 107.40 ▲ 1.20% AMX ADR 26.25 ▲ 0.85% FEMSA ADR 134.15 ▲ 3.98% CEMEX ADR 12.72 ▲ 2.17% PETROBRAS ADR 18.00 ▲ 0.64% VALE ADR 14.56 ▲ 2.64% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.40 ▲ 0.84% AMBEV ADR 3.11 ▲ 1.63% CSN 1.03 ▼ 0.49% GERDAU 4.57 ▲ 1.78% LATAM ADR 53.46 ▲ 0.24% BTC 64,712 ▲ 3.97% ETH 1,872 ▲ 5.54% SOL 77.28 ▲ 3.23% XRP 1.10 ▲ 3.64% BNB 581.53 ▲ 2.63% ADA 0.17 ▲ 5.26% DOGE 0.07 ▲ 3.73% AVAX 6.65 ▲ 3.19% LINK 8.27 ▲ 5.06% DOT 0.86 ▲ 2.45% LTC 44.62 ▲ 2.60% BCH 237.99 ▲ 0.74% TRX 0.32 ▲ 0.24% XLM 0.18 ▲ 2.39% HBAR 0.07 ▲ 0.43% NEAR 2.03 ▲ 6.06% ATOM 1.55 ▲ 1.04% AAVE 100.00 ▲ 5.98% SELIC 14.25% EMBRAER 82.96 ▼ 0.06% EMBRAER ADR 65.40 ▲ 1.43% JBS 11.85 ▲ 0.42% JBS BDR 60.11 ▼ 0.82% MBRF3 16.00 ▲ 1.78% MBRFY 3.09 ▲ 1.31% INTER 5.66 ▲ 0.18% EGX 52,299 ▼ 0.59% USD/ZAR 16.37 ▼ 0.52% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.15 ▼ 0.17% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1434 ▲ 0.41% GBP/USD 1.3388 ▲ 0.29% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD 1.4066 ▼ 0.61% US10Y 4.5870 ▼ 0.48%
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Opinion: Brazil’s RICO Gangsters

By · September 15, 2017 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – In 1970, the U.S. enacted RICO – the Racketeering Influenced and Corrupt Organizations Act. The statute punishes racketeering, where leaders of an organization order others to commit crimes or assist them to do so.

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The statute has largely been used against “traditional” mobs such as the Mafia, but has a broader reach — FIFA, the boss of international football (soccer) has been charged.

Brazil, like many other countries, has a similar set of statutes. During the past week, the authorities have used these laws against the most prominent politicians in Brazil.

The Federal Police, once thought to be under the thumb of the Justice Ministry, have, surprisingly, just brought racketeering charges against six key figures in PMDB, the political party leading the government coalition.

These figures include President Temer, several of his prominent cabinet ministers, and even former President Sarney, whose finger seems to have been in every mud pie since he accidentally became President in 1985.

Simultaneously, chief federal prosecutor Rodrigo Janot, in his last few days in office, has brought sweeping racketeering charges against former Presidents Lula and Dilma, and has filed another set of charges against President Temer, this time for obstruction of justice.

Why now? First, because several prominent gang members, specifically Antonio Palucci and Lucio Funaro, have come forward and made plea bargains, thus corroborating the allegations made by other plea bargainers such as Odebrecht and JBS.

Second, because Janot himself has been under attack from the politician gang members, who pose as victims of persecution and accuse him of personal bias. Unfortunately for the gang, the STF has unanimously cleared Janot of such charges.

Third, and perhaps most important, Janot does not trust his successor, Raquel Dodge, to continue his crusade. Among other reasons, she was recently caught sneaking in the back door of the Presidential palace for an off-agenda meeting with Temer.

The big picture has started to emerge. The first racketeers were Lula, aided and abetted by Dilma and a cohort of 300 scoundrels, who sacked and pillaged Petrobras.

The second group of racketeers, which came into prominence after Dilma’s election to a second term, was the PMDB gang, aided and abetted by PP and the several minuscule parties-for-hire that now pollute Congress.

The gangs initially shared one objective—to accumulate power and wealth in their own hands, and those of their cronies. They now share another objective—to torpedo the Lava Jato investigations in order to save their ill-gotten gains.

Politically, this means there will be no meaningful reform, because Congress is controlled by the rascally RICO racketeers, none of whom will permit voters to throw them out of office.

The 2018 elections will occur in little more than a year, and it is devoutly to be hoped that, in the next twelve months, the latest round of RICO charges will prosper, the criminal organizations will be fully exposed and their ringleaders will be rounded up and put in jail where they belong.

If crooked politicians are in jail, they can’t be elected.

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