The Snowballing Effect of Brazil's Failing State

By sk4945

  • OGX Petroleo e Gas Participacoes have been charged with deceiving investors with false information

    The oil company produced false information in regards to oil producing potential. This caused the market to tank $6 Billion

  • Former directer of services for Petrobras arrested

    arrested for money laundering

  • Police arrest 24 corrupt leaders

    police arrest 24 officails from 6 construction firms in re gards to corruption

  • federal investigation into kickback scheme

    Federal investigation into the company Petrobras for a running kickback operation, 33 business men accused

  • Population hits 203 million

  • Petrobras executives step down

    After the federal investigation, 6 offcials step down from Petrobras because of their part in the kick back scandel

  • GM Union Strike

    5200 General Moters workers went on strike due to 800 layoffs

  • 50+ companies held 1.9 billion dollars in unpaid taxes

    Some of these companies have been found to bribe government officials

  • 3 congressmen arrested for corruption

  • Unemployment rates have gone up 6 consecutive months