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On October 14, 2020, in the U.S. District Court for the Eastern District of New York, J&F Investimentos SA (J&F), a multinational enterprise headquarters in Brazil and engaged primarily in meat and agriculture businesses, pleaded guilty to conspiring to violate the Foreign Corrupt Practices Act (FCPA). The plea requires it to pay a criminal fine of more than $256 million. The charges concern schemes by J&F to pay millions of dollars in bribes to Brazilian government officials through, inter alia, bank accounts based in New York.[1] Simultaneously J&F entered into a settlement with the Securities and Exchange Commission (SEC).
[1] U.S. Department of Justice, J&F Investimentos SA Pleads Guilty and Agrees to Pay More than $256 Million in Criminal Fines to Resolve Foreign Bribery Case, Press Rel. 20-1092, Oct. 14, 2020.