Regulatory case
In the Matter of J&F Investimentos S.A., JBS S.A., Joesley Batista and Wesley Batista
- Authority
- US Securities and Exchange Commission
- Case number
- Administrative Proceeding File No. 3-20124, as listed by the Stanford FCPA ClearinghouseS9
- Filed or opened
- 14 October 2020
- Organization
- JBS S.A. and J&F Investimentos S.A.
- Current stage
- Cease-and-desist order entered on consent.
- Outcome
- Final consent order.
Decisions and steps
- Order finding the respondents caused Pilgrim's Pride's books and records and internal controls violations, with about US$27 million disgorgement by JBS and civil penalties of US$550,000 each for Joesley Batista and Wesley BatistaS2
Claims this case bears on
- Supported90The US Justice Department said on 14 October 2020 that J&F Investimentos pleaded guilty to conspiracy to violate the FCPA and agreed to pay a criminal penalty of more than US$256 million over bribes to Brazilian officials.Regulator statement, 14 October 20204 records citedBribery
Sources
- S2Tier A SEC Charges Brazilian Meat Producers With FCPA ViolationsUS Securities and Exchange Commission. Regulator press release. 14 October 2020.Supports the consent order against JBS, J&F and the Batista brothers. The release contains no admit or deny language.
- S9Tier D In the Matter of J&F Investimentos, S.A., et al.Stanford Law School FCPA Clearinghouse. Academic paper. Database updated through 30 July 2025.Academic database entry listing SEC docket number 3-20124 and the Eastern District of New York information. It gives no sentencing date.Link working, checked 25 October 2026