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Rumor Mill News Reading Room, Current Archive

Gates Foundation claims 'foul' and files lawsuit over its investment losses in Brazilian oil giant Petrobras

Posted By: NaturalWisdom
Date: Wednesday, 30-Sep-2015 12:43:17
www.rumormill.news/29040

Are these investment losses a form of karmic payback for Gates' endorsement and support of Common Core, Monsanto/GMOs, and vaccines?

Gates Foundation sues Petrobras, PwC over scandal
PressTV
Sep 26, 2015
http://bit.ly/1YONEcx

[snip]

Microsoft founder Bill Gates’ charity foundation has filed a legal complaint against Brazilian oil giant Petrobras over investment losses linked to alleged fraud at the company.

"The depth and breadth of the fraud within Petrobras is astounding. By Petrobras's own admission, the kickback scheme infected over $80 billion of its contracts, representing one-third of its total assets," according to the suit filed late Thursday in New York City.

The Bill & Melinda Gates Foundation, together with WGI Emerging Markets Fund, alleged in the suit that the Brazilian oil firm repeatedly misrepresented its financial statements in order to trick investors into giving money.

According to the suit, accounting giant PwC played an important role in misleading investors by attesting to Petrobras' financial statements.

"Equally breathtaking is that the fraud went on for years under PwC's watch, who repeatedly endorsed the integrity of Petrobras' internal controls and financial reports. This is a case of institutional corruption, criminal conspiracy and a massive fraud on the investing public," the suit read.


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AN EXPLANATION OF THE FACTIONS