Jair Bolsonaro's lawyers appear to have been reading up on the country's penal code and have found a way to help their client reduce the 27-year prison sentence he received last year for plotting a coup: by reading books. There is only one problem: the former far-right Brazilian president has never been known as a bibliophile. Sorry, I don't have time to read, Bolsonaro once declared. It's been three years since I read a book.
Its rapid growth, fueled by products far more appealing than the market average, ended with its liquidation last November and the arrest of its president, Daniel Vorcaro, as he attempted to flee Brazil. According to initial estimates by Brazil's Federal Police, the bank's missing funds could reach 12 billion reais (more than $2.2 billion), and at least 1.6 million people have been affected. A dozen partners and executives have been arrested.