Brazilian police probe a pension fraud scheme that stole $1 billion from retirees
- Brazilian federal police investigate a scheme diverting pension funds from retirees since 2019.
- The scheme listed retirees as association members without their consent to collect fees.
- The probe targets eleven organizations and led to INSS director removals.
- The scheme diverted over six billion reais, and police seized one billion reais.
- Those investigated could face corruption and criminal organization charges based on evidence.
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Brazilian police probe a pension fraud scheme that stole $1 billion from retirees
Brazil’s federal police say they are investigating a scheme that diverted over 6 billion reais — or about $1 billion — from pensions paid by the National Social Security Institute.
·United States
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·California, United States
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Leaning Left3Leaning Right0Center2Last UpdatedBias Distribution60% Left
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- 60% of the sources lean Left
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C 40%
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