The Fall Of A Brazoria Empire Elite Businessman Busted For Embezzlement - db01
Rio de janeiro — eike batista, an oil and mining tycoon who just years ago was on a quest to use his vast fortune to turbocharge brazil’s growth, was sentenced to 30 years in.
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A the fall of a brazoria empire elite businessman busted for embezzlement contrast with competitors the site has faced increasing competition from other classifieds websites such as.
He was also ordered to pay a $19 million fine and forfeit an additional $52 million he had made through illegal trading.
His fall is being called the biggest default in latin.
But it's all come crashing down:
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On wednesday, batista's oil company, ogx, filed for bankruptcy, imploding his empire.
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In 2007, nacchio was sentenced to six years in prison.
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