Thread by @DawsonSField

New CEO & CFO resign after $3.8B accounting fraud is discovered on the books of Brazilian retailer.
That's interesting, 3G the parent company of the Americanas SA is much more interesting.
#ButNothingsHappening
reuters.com/business/brazi…

The new CEO took over 2 weeks ago with the expectation they could paper over difficulties that happened under his predecessor. But when you are missing $3.88 billion due to accounting inconsistencies, it's hard to hide...

The CFO had just joined the company which was under the control of 3 of Brazil's oligarchs.

Those oligarchs run 3G Capital, which has a much shadier past than a simple $3.88B accounting inconsistency...

Of course the interim CEO says the company is going to need an infusion of money to keep it afloat in the long term. Who would give money to people who can't account for billions they already had?

You guessed it, corrupt Swampy people.

The kind of bankers & investiment funds that don't mind that a company is missing money that is worth twice what the company is worth on the market!

$3.88B escapes from auditors because the audit industry is part of the corruption.

So while this $2B company was losing $3.88B on their books, the 3 oligarchs sold off part of the company to other funds who will now eat this loss. Was that planned all along as part of money laundering or did they defraud the new shareholders?

3G Capital is a huge investment firm which is incorporated in the Caymen Islands to escape scrutiny.

en.wikipedia.org/wiki/3G_Capital

3G was also involved in some suspicious deals with Warren Buffet's Berkshire Hathaway, where BH put up most of the money but 3G got 50% of the company that they purchased.

https://twitter.com/DawsonSField/status/1264232803773841414?s=20&t=ZyETMtlxGeGhIhvu6C3JCQ

They kept overpaying to buy companies, like it was intended as a payoff for the other company or someone wanted to lose money on the deal just to get the money laundered into the US markets.
Burger King, Kraft, Heinz, Anheiser Bush, & many others.

https://twitter.com/DawsonSField/status/1264232822837035014?s=20&t=ZyETMtlxGeGhIhvu6C3JCQ

In fact, then Secretary of State Kerry's $3M family stake in Heinz was bought out for $4M.

That's a nice mark up & the kind of dirt that would be very useful oppo research to keep Kerry from running against Hillary in 2016...

https://twitter.com/DawsonSField/status/1264232826720989184?s=20&t=ZyETMtlxGeGhIhvu6C3JCQ

They so overpaid for Heinz & Kraft that Buffet's group had to write off $15B of what they paid as losses.

https://twitter.com/DawsonSField/status/1264232831007502337?s=20&t=ZyETMtlxGeGhIhvu6C3JCQ

This wasn't their first bad deal for 3G.

In 2010, they overpaid for Burger King, using money from unknown sources. Who benefited? Goldman Sachs, TPG Capital, & Mitt Romney's Bain Capital Partners.
More good oppo research to use against Romney...

https://twitter.com/DawsonSField/status/1264232835914792960?s=20&t=ZyETMtlxGeGhIhvu6C3JCQ

Maybe when they find this missing $3.88B, they will figure out where 3G Capital's money was coming from?
My bet, oligarchs in Ukraine & Russia, but time will tell.
Whose money conveniently gave dirt on 2 likely Presidential candidates who cjose to not run against Hillary in 2016.

Looks like Big4 Accounting company PwC, was the company papering over Americanas' books.

They also do Heinz & Kraft's books for 3G Capital too..

valor.globo.com/empresas/notic…