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Brazil’s Wave of Corporate Meltdowns Share One Commonality

As financial scandals go, this one has it all: a flamboyant, politically connected executive taking on Brazil’s financial titans with a fast-growing bank built on aggressive tactics and exotic financial engineering; a spectacular collapse amid billion-dollar fraud allegations; and an airport arrest just as the businessman was about to leave the country on his private jet. Call Netflix immediately!

As financial scandals go, this one has it all: a flamboyant, politically connected executive taking on Brazil’s financial titans with a fast-growing bank built on aggressive tactics and exotic financial engineering; a spectacular collapse amid billio… [471 chars]

Source: Bloomberg | Published: 2025-11-28T10:00:33Z

Credit: Bloomberg

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