From the BBC:
Brazil's Social Security Minister, Carlos Lupi, has resigned nine days after police unveiled a major corruption scandal which defrauded pensioners of $1.1bn (£829m).
Federal police allege that over the past decade, the National Social Security Institute (INSS) made unauthorised deductions from payments made to millions of pensioners.
The money was allegedly paid to several associations and unions, which then shared the earnings with corrupt government officials.
Lupi has always denied any wrongdoing and said he ordered an investigation as soon as he heard about the allegations. …
4 comments:
Does anybody trust this Crypto administration with the SSA funds?
Considering Bitcoin was just $4,000 a few years ago and is now $100K, investing SSA trust funds in bitcoin would have yielded a 25X return. Yes, I trust them.
Hilarious. Looting the Treasury is the goal. Wake up people. #CryptoIsAScam
Yeah! Lets invest the trust fund in one of the most volatile investment vehicles that has ever existed, and that routinely loses 20% to 50% of its value in the course of days or weeks just because the president or some idiot on Reddit says something provocative about it! What could go wrong?!
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