Corruption in Brazil and Brazilian Bribery Schemes Can Be the Basis of CFTC and SEC Bounty Actions that Pay Large Financial Rewards to Anonymous Whistleblowers with Original Information of Significant Corruption or Bribes by Brazilian Government Official Bribe Whistleblower Lawyer and Foreign Corrupt Practices Act Whistleblower Lawyer
Brazilian government corruption comes in many forms. When government officials break the law, for example, by taking bribes for oil leases and government procurement contracts, it violates the Foreign Corrupt Practices Act. These bribes can also form the basis of bounty actions that pay large rewards to the whistleblowers. Both the SEC and CFTC offer large financial rewards to international professionals who anonymously expose significant corruption.
The Foreign Corrupt Practices Act (FCPA) and other Anti-Bribery laws prohibit bribes by multinational corporations to foreign officials to obtain lucrative contracts. Anonymous Whistleblowers who properly report these illegal contract bribes, kickbacks, and other corrupt practices may recover financial large rewards. These whistleblowers also expose corrupt practices committed by multinational corporations and help the Brazilian economy. If you are aware of significant contract bribes, illegal kickbacks or other corrupt practices by foreign companies and/or multinational corporations,please feel free to contact Brazilian Illegal Bribe and Kickback Whistleblower Reward Lawyer Jason Coomer via e-mail message or use our submission form to inquire about a potential Brazilian Illegal Contract Bribe Whistleblower Reward Bounty Action.
Brazilian Whistleblowers Are Needed to Expose Large Scale Fraud and Corruption
With the rapidly expanding Brazilian economy, foreign direct investments into Brazil, and Brazilian companies expanding into other countries, have come allegations of government official bribes, government agent kickbacks, fraud, embezzlement, and other forms of corruption. Included in these Brazilian government corruption scandals are several government officials who were forced to resign, while other government officials are under investigation for government corruption. In the aftermath of these corruption scandals, the Brazilian Congress is in the process of enacting new law that would dramatically strengthen the Brazilian foreign bribery laws. The foreign anti-bribery law is part of a global trend where governments around the world are cracking down on large corrupt multinational corporations. The CFTC and SEC are offering bribes and kickbacks to government officials in order to obtain large government contracts, avoid health & safety regulations, bypass environmental laws, and exploit populations in foreign countries.
International Whistleblowers Are Needed to Expose Corruption in the Brazilian Oil and Energy Industries
A key Brazilian industry is the petrochemical industry. With large natural reserves of oil and gas combined with foreign direct investments of technology, Brazil will soon pass China and the United Arab Emirates to become world's fifth largest oil producing nation, only behind Russia, Saudi Arabia, the USA and Iran. Much of Brazil's oil and gas production comes from offshore drilling in deep water reserves. Included in these deep water oil and gas reserves is the Santos Basin, which is located in the south Atlantic Ocean. The Santos Basin is approximately 300 kilometers south east of Sao Paulo and is one of the world's largest oil prospects. The Santos Basin is situated in deepwater and includes two of the largest oil fields to be discovered in recent times: Tupi (2006) and Jupiter (2008). The Santos Basin also has the Carioca/Sugar Loaf field which could contain as many as 40 billion barrels.
International Petroleum Whistleblowers Are Need to Expose Illegal Bribes in Brazil's Deepwater Drilling Contracts
Because of the location of Brazil's vast oil and gas reserves, Brazil is seeking and developing deep water drilling technologies including Floating Production, Storage and Offloading (FPSO) technology. The FPSO units are used in remote and deepwater zones where it is neither practical nor cost-effective to lay seabed pipelines from a well to an onshore terminal. Brazil currently has more than 25 FPSOs in operation off the east coast of Brazil and is setting up a domestic FPSO industry.
The production of the Tupi and Jupiter fields combined with the development of production in the Sugar Loaf field should enable the Brazilian Oil Industry to bring in vast amounts of foreign capital into Brazil and allow Brazil to keep advancing its drilling technologies and developing its petrochemical infrastructure. The rigs, platforms and tankers that will service and harvest Brazil's reserves in the coming years will probably be constructed using local suppliers, manpower and facilities instead of outsourcing to third party companies that do not feed directly into the local/national economy, however, deep technology and capital from around the world will be needed to develop the infrastructure and train the work force.
Full exploitation of these vast oil riches will create huge opportunities for Brazil and will help Brazil to become a regional economic power. In fact, it is widely believed that Brazil's oil and gas reserves will catapult the country from an agriculturally-based emerging third world economy to a first world economic power in a matter of years.
Report Illegal Bribes to the Brazilian Government
If you are aware of significant contract bribes, illegal kickbacks or other corrupt practices by foreign companies and/or multinational corporations, please feel free to contact Brazilian Illegal Bribe and Kickback Whistleblower Reward Lawyer Jason Coomer via e-mail message or use our submission form to inquire about a potential Brazilian Illegal Contract Bribe Whistleblower Reward Bounty Action.
International Whistleblowers Are Needed to Expose Petrobas Bribes
The Brazilian energy industry is dominated by the Brazilian multinational energy company, Petrobras. Petrobras is the forth largest company in the world measured by market capitalization. It is also Brazil's semi-public oil company that is public and private hybrid. As Brazil's public oil company, Petrobras has a goal of directing over 50% of its future oil and gas contracts to local Brazilian companies. This protectionist economic policy is designed to help develop the Brazilian petrochemical industry and to limit the influence of foreign multinational oil companies on the Brazilian economy. However, avoiding corruption including Santos Basin lease bribes, Petrobras employee bribes, Brazilian government official bribes, Petrobras oil lease bribes, and other potential Petrobras corruption may prove difficult as the historical culture of Brazilian business and Brazilian government includes substantial corruption.
Petrobras' large amount of investment capital combined with the vast rich Brazilian oil and gas reserves, will bring in fierce competition for these large Brazilian contracts, Brazilian offshore drilling leases, and Brazilian leases. This fierce competition over these huge riches will definitely test the Brazilian government as to if corrupt practices will continue to be common in Brazil or will new anti-bribery laws, whistleblowers, informants, honest Petrobras employees, honest government officials, and honest Petrobras officers be able to manage these resources for the good of the Brazilian economy and Brazilian people and not just for the benefit of those doing the bribing?
As the sole operator in the Santos fields, Petrobras will have significant power in the development of Brazil's petrochemical industry and may be the target of bribes and corruption. Many of the large multinational oil companies including BP are already competing to drill in the rich Bazilian oil and gas fields. BP has already acquired 10 exploration sites in Brazil. Most of these explorations sites are in the Campos basin which according to the Brazilian state oil company Petrobas may have 55 separate oil reserves. The BG Group has also entered into a contract with Petrobras and Petrogal where they have a 25% interest in the Tupi field. Current estimates of the Tupi field are that it contains between five and eight billion barrels of oil and natural gas. The BG Group also has a 30 percent interest with Petrobras and Repsol in other areas of the Santos Basin and other large contracts with with Petrobras. In the future, the BG Group and Petrobras expect to award contracts to as many as three of the large multinational energy conglomerates.
International Bounty Action Lawyer Works With International Professionals Around the World to Expose Corruption
As an International Bounty Action Lawyer in the United States, Jason S. Coomer commonly works with international professionals from around the work to expose corruption. He also works with other powerful international whistleblower lawyers to handle large International Whistleblower Reward Lawsuits. He handles CFTC Bounty Actions, SEC Bounty Actions, and other Foreign Corrupt Practices Act Whistleblower Reward Lawsuits. He also works on Medicare Fraud Whistleblower Lawsuits, Defense Contractor Fraud Whistleblower Lawsuits, Stimulus Fraud Whistleblower Lawsuits, Government Contractor Fraud Whistleblower Lawsuits, Medicare Illegal Kickback Lawsuits, Confidential Financial Analyst Whistleblower Reward Lawsuits and other whistleblower recovery lawsuits.
If you are the original source with special knowledge of SEC violations including bribery, kickbacks, or other fraud, and are interested in learning more about a potential lawsuit or becoming a whistleblower under the Foreign Corrupt Practices Act please feel free to contact Brazilian Government Official Illegal Kickback and Bribery Whistleblower Reward Lawyer Jason Coomer via e-mail message or use our submission form