SEC
Whistleblower
Attorneys

October 14, 2020

J&F Investimentos, S.A., JBS, S.A., Joesley Batista, Wesley Batista

FCPA

SANCTION AMOUNT: Approximately $28,100,000

Defendants: J&F Investimentos, S.A., JBS, S.A.
Joesley Batista, Wesley Batista

Respondents include two Brazilian nationals and relevant entities from their global meat and protein producer/business. Respondent JBS acquired U.S. issuer Pilgrim’s Pride Corp. in 2009 and, in connection therewith, the SEC found that the Batistas effected bribes of approximately $150 million at the direction of a former Brazil Finance Minister, causing Pilgrim’s to fail to maintain adequate internal controls and accurate books and records.

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