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OGX Petroleo e Gas Participacoes have been charged with deceiving investors with false information
The oil company produced false information in regards to oil producing potential. This caused the market to tank $6 Billion -
Former directer of services for Petrobras arrested
arrested for money laundering -
Police arrest 24 corrupt leaders
police arrest 24 officails from 6 construction firms in re gards to corruption -
federal investigation into kickback scheme
Federal investigation into the company Petrobras for a running kickback operation, 33 business men accused -
Population hits 203 million
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Petrobras executives step down
After the federal investigation, 6 offcials step down from Petrobras because of their part in the kick back scandel -
GM Union Strike
5200 General Moters workers went on strike due to 800 layoffs -
50+ companies held 1.9 billion dollars in unpaid taxes
Some of these companies have been found to bribe government officials -
3 congressmen arrested for corruption
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Unemployment rates have gone up 6 consecutive months