IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL5.50▼ 0.17% USD/MXN18.60▼ 0.84% USD/CLP975.74▼ 0.29% USD/COP3,240▲ 0.38% USD/PEN3.44▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU40.31▲ 3.48% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.56▲ 0.43% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.72▲ 2.39% EUR/BRL6.13▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89% IBOV 168,498.45 ▲ 1.39% IPC MEX 70,968.43 ▼ 0.17% MERVAL 2,848,945 — — USD/BRL 5.50 ▼ 0.17% USD/MXN 18.60 ▼ 0.84% USD/CLP 975.74 ▼ 0.29% USD/COP 3,240 ▲ 0.38% USD/PEN 3.44 ▼ 0.15% USD/ARS 1,545 — 0.00% USD/UYU 40.31 ▲ 3.48% USD/PYG 6,358 ▲ 8.23% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.56 ▲ 0.43% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.24% USD/HNL 26.88 ▲ 3.25% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.99 ▲ 2.90% USD/TTD 6.72 ▲ 2.39% EUR/BRL 6.13 ▲ 0.07% BRENT 97.76 ▼ 0.54% WTI 90.34 ▼ 0.20% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.18% GOLD 4,080 ▼ 0.83% SILVER 51.97 ▼ 0.51% SOY 1,195 ▲ 1.14% CORN 442.25 ▲ 0.51% WHEAT 590.50 ▼ 1.46% COFFEE 280.15 ▲ 1.08% SUGAR 18.25 ▼ 1.67% ORANGE JUICE 138.95 ▲ 8.17% COTTON 78.54 ▼ 0.22% COCOA 5,239 ▲ 1.12% BEEF 214.18 ▼ 0.10% CATTLE 318.70 ▼ 1.95% LITHIUM 60.91 ▲ 1.21% PETR4 45.36 ▼ 1.28% VALE3 64.04 ▲ 2.19% ITUB4 40.53 ▲ 1.40% BBDC4 14.20 ▲ 3.12% ABEV3 15.48 — 0.00% BBAS3 17.13 ▲ 3.88% B3SA3 14.39 ▲ 0.21% WEGE3 48.19 ▼ 0.23% PRIO3 60.48 ▼ 1.72% SUZB3 53.40 ▲ 2.12% RENT3 30.29 ▲ 4.20% AZZA3 14.76 ▲ 4.98% CSAN3 2.77 ▲ 10.80% RAIZ4 27.30 ▼ 0.98% PCAR3 2.40 ▲ 0.42% GMAT3 3.80 ▲ 2.43% PSSA3 44.35 ▲ 1.46% CVCB3 0.84 ▲ 2.44% POSI3 3.09 ▼ 0.64% SLCE3 16.61 ▲ 1.59% NATU3 5.17 ▼ 3.36% BRKM5 3.20 ▲ 5.61% RANI3 8.53 ▲ 0.83% CSNA3 4.41 ▲ 8.89%
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Saturday, November 7, 2026

Opinion: Brazil’s RICO Gangsters

By · September 15, 2017 · 3 min read

Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – In 1970, the U.S. enacted RICO – the Racketeering Influenced and Corrupt Organizations Act. The statute punishes racketeering, where leaders of an organization order others to commit crimes or assist them to do so.

Michael Royster, aka The Curmudgeon.
Michael Royster, aka The Curmudgeon.
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The statute has largely been used against “traditional” mobs such as the Mafia, but has a broader reach — FIFA, the boss of international football (soccer) has been charged.

Brazil, like many other countries, has a similar set of statutes. During the past week, the authorities have used these laws against the most prominent politicians in Brazil.

The Federal Police, once thought to be under the thumb of the Justice Ministry, have, surprisingly, just brought racketeering charges against six key figures in PMDB, the political party leading the government coalition.

These figures include President Temer, several of his prominent cabinet ministers, and even former President Sarney, whose finger seems to have been in every mud pie since he accidentally became President in 1985.

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Simultaneously, chief federal prosecutor Rodrigo Janot, in his last few days in office, has brought sweeping racketeering charges against former Presidents Lula and Dilma, and has filed another set of charges against President Temer, this time for obstruction of justice.

Why now? First, because several prominent gang members, specifically Antonio Palucci and Lucio Funaro, have come forward and made plea bargains, thus corroborating the allegations made by other plea bargainers such as Odebrecht and JBS.

Second, because Janot himself has been under attack from the politician gang members, who pose as victims of persecution and accuse him of personal bias. Unfortunately for the gang, the STF has unanimously cleared Janot of such charges.

Third, and perhaps most important, Janot does not trust his successor, Raquel Dodge, to continue his crusade. Among other reasons, she was recently caught sneaking in the back door of the Presidential palace for an off-agenda meeting with Temer.

The big picture has started to emerge. The first racketeers were Lula, aided and abetted by Dilma and a cohort of 300 scoundrels, who sacked and pillaged Petrobras.

The second group of racketeers, which came into prominence after Dilma’s election to a second term, was the PMDB gang, aided and abetted by PP and the several minuscule parties-for-hire that now pollute Congress.

The gangs initially shared one objective—to accumulate power and wealth in their own hands, and those of their cronies. They now share another objective—to torpedo the Lava Jato investigations in order to save their ill-gotten gains.

Politically, this means there will be no meaningful reform, because Congress is controlled by the rascally RICO racketeers, none of whom will permit voters to throw them out of office.

The 2018 elections will occur in little more than a year, and it is devoutly to be hoped that, in the next twelve months, the latest round of RICO charges will prosper, the criminal organizations will be fully exposed and their ringleaders will be rounded up and put in jail where they belong.

If crooked politicians are in jail, they can’t be elected.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

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