THE BILLIONAIRE BATISTA BROTHERS AND JBS: A CORRUPT ASSAULT ON AMERICAN VALUES AND MARKETS
JBS SA, the world’s largest meat producer, along with its owners, the notorious Batista Brothers of Brazil, intend to list their shares on the New York Stock Exchange. This IPO must be stopped.
Allowing JBS to access the American equity market enables and rewards the corrupt, dangerous, and criminal behavior of the Batista brothers at the expense of American farmers, consumers, and investors.
THE FACTS
WHO ARE THE BRAZILIAN BILLIONAIRE BATISTA BROTHERS OF JBS?
JOESLEY BATISTA AND HIS BROTHER WESLEY ARE BRAZILIAN BUSINESSMEN WHO CONTROL JBS SA VIA J&F INVESTIMENTOS.
THE BROTHERS ARE KNOWN FOR THEIR CRIMINAL CONVICTIONS, UNCHECKED POWER AND MASSIVE CORPORATE CORRUPTION SCANDALS.
THE BATISTA BROTHERS:
FROM CONVICTION TO CORPORATE GREED
In 2020, the Brazilian billionaire brothers Joesley and Wesley Batista faced justice in the U.S., admitting guilt to foreign bribery charges, violating the U.S. Foreign Corrupt Practices Act, and forking out a staggering $256 million in fines.
In their homeland, they were at the heart of the “Operation Carwash” probe, confessing to splurging $186 million in bribes to over 1,900 politicians. Despite serving time, they’ve staged a brazen comeback, now flaunting a net worth of $6 billion.
JBS: A DOMINEERING, PRICE-FIXING, MONOPOLISTIC BULLY THAT HARMS AMERICAN FARMERS AND CONSUMERS
The Batista Brothers command 49% of JBS, a meat processing juggernaut valued at nearly $10 billion, infamous for its cutthroat and crooked tactics. JBS, accused of countless anticompetitive practices and corporate lies, recently drew SEC complaints for duping investors in 2023 through use of selective disclosures.
In addition to keeping shareholders in the dark, the company has a track record of market manipulation, settling hefty lawsuits, and putting American farmers out of business.
JBS: A MENACE TO U.S. FOOD SOVEREIGNTY AND SUSTAINABILITY
JBS exploits American food sellers and workers, pocketing lucrative tax-payer funded government contracts despite its legacy of underpayment, worker safety violations, use of child labor, and environmental callousness.
Tagged as “the biggest climate risk IPO in history” by environmental groups, JBS must be barred from accessing American capital markets which will only serve to empower the company to violate rules and regulations at-scale.
THE BATISTA BROTHERS:
UNTRUSTWORTHY STEWARDS OF SHAREHOLDER VALUE
With ongoing DOJ investigations into price fixing and Senate inquiries into climate-destructive practices, JBS emerges as a far cry from a responsible investment.
Activists warn of $1.7 billion in liabilities, and major financial institutions aiding JBS’ growth face intense scrutiny. Pressingly, JBS’ flagrant non-compliance with financial regulations raises doubts about its commitment to shareholders.
JBS: THE DANGER OF LISTING ON THE NYSE
The Batista Brothers’ aspirations to monopolize the American food industry relies on securing U.S. dollars through a public listing.
If JBS infiltrates the NYSE, the Batista family’s control of the company could balloon to 90%, and American funds will fuel the global expansion of a corrupt, criminal duo, with the U.S. contributing to 47% of its revenue.
The Batistas must not gain access to U.S. investor capital to fuel their brutal attack on American shareholders, farmers, and families.
TELL THE NYSE AND SEC: BAN THE BATISTAS NOW!
Defend American values—reject JBS on the NYSE.
Call on the NYSE and SEC to bar the Batista Brothers from U.S. markets in a decisive response to their ruthless onslaught on fair play.
SEND AN EMAIL
Subject: BAN THE BATISTAS
To: [email protected], [email protected]
Body:
To: [email protected], [email protected]
Body:
Dear SEC and NYSE Decision-Makers, Joesley and Wesley Batista, who own 49% of JBS via their holding company J&F Investimentos, are billionaire brothers known for their criminal activity and massive international corruption scandals...
COPY AND PASTE EMAIL
SEND TO: [email protected], [email protected]
Dear SEC and NYSE Decision-Makers,
Joesley and Wesley Batista, who own 49% of JBS via their holding company J&F Investimentos, are billionaire brothers known for their criminal activity and massive international corruption scandals, including convictions for insider trading and violating the U.S. Foreign Corrupt Practices Act (FCPA) for funding secured through criminal means.
Under the company’s listing proposal, the Batista family could gain up to 90.5% of the voting power – nearly doubling their control while rewarding and further enabling the corrupt, dangerous, and criminal behavior of the brothers at the expense of U.S. farmers, consumers, and investors.
JBS is a domineering, price-fixing, monopolistic bully that has and continues to harm every sector of American agriculture. In the last two years alone, the company has paid nearly $100 million in settlements to U.S. pork consumers and commercial beef purchasers for price-fixing and limiting meat market supply.
The Batista Brothers depend on the U.S. market to fuel the growth of JBS, block out competitors, and drain the accounts of American families, all while reimbursing themselves for the millions spent on cleaning up behind them.
With JBS and Batistas’ track record of anticompetitive behavior and financial risk, I urge the U.S. government, NYSE, and SEC to stop JBS and the Batista Brothers from listing and using American capital markets to fuel their market domination and criminal activity.
For more information, visit: www.banthebatistas.com.
Sincerely,
[YOUR NAME]
[CITY, STATE]
