Brazilian Speculator Charged: Speculator Naji Nahas, who...
Brazilian Speculator Charged: Speculator Naji Nahas, who sparked a crisis in Brazil’s stock exchanges when he stopped payment on checks to brokers, has been charged with fraud and crimes against the economy, police said. The scandal forced authorities to close Brazil’s stock and options markets June 12. Brokerage houses lost up to $500 million when Nahas stopped payment on his checks.
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