Sunday, 08 June 2025

#1 Largest Meatpackers, Accused of Human Trafficking, Ready for NY Stock Exchange Debut

100 Percent Fed Up
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Billionaire Batista brothers, the heads of JBS, finally cleared SEC hurdles.

JBS is the world’s largest meatpacker and are now poised for a New York Stock Exchange debut as early as May 23.

They have a decade of scandals under their belt.

They even went to jail for bribing 1,800 Brazilian politicians campaign cash.

Now they want to flood our market with cheap, poor quality meat so they can profit from it while our health pays the price.

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This foreign owned giant could soon control your U.S. meat supply if someone doesn’t intervene.

Forbes reports:

Joesley and Wesley Batista, the billionaire brothers behind JBS, went to jail after paying off more than 1,800 politicians in their native Brazil and have struggled to launch a public offering in the U.S.

After a decade-long beef with the Securities and Exchange Commission as well as bipartisan opposition in Congress, JBS, the world’s largest meatpacker, was finally given the green light in late April to be listed on the New York Stock Exchange.

The U.S. listing of the Brazil-based JBS has been delayed several times over the past decade due to a deluge of scandals involving the top shareholders and their holding company—including bribes to Brazilian meat inspectors, kickbacks to government financiers and illegal campaign contributions to more than 1,800 Brazilian politicians. That is in addition to accusations in the U.S. of JBS and companies it owns price-fixing, wage-manipulating and violating child labor laws, plus allegations of discrimination and harassment.

Joesley and Wesley Batista, 53 and 52 respectively, are the company’s largest shareholders through their holding company J&F Investimentos. The brothers, whom Forbes estimates are worth $4.8 billion each, have also been personally charged with foreign corruption in the U.S. as well as insider trading allegations in Brazil (related to the timing of the news of their bribery scheme) that saw them briefly jailed for about six months from 2017 to 2018. Any one of those issues would have ended most other companies’ prospects of going public on the American market, but following the SEC’s recent decision, JBS is looking to offer shares on the New York Stock Exchange in June, pending a shareholder vote later this month.

“This time it looks like it’s for real,” says Carlos Laboy, a managing director who heads up Latin American food coverage including JBS at HSBC, which is not involved in the listing.

Over the past two decades, the Batista brothers have turned their family’s South American meat business into a goliath with more than $77 billion in annual revenue with a presence in nearly every country in the world. Its major U.S. brands include Swift, Pilgrim’s Pride, Primo, Blue Ribbon and Certified Angus Beef. But given the mountain of scandals, U.S. politicians from both sides of the aisle have long been opposed to the company going public in America. Just last year, at 15 senators—including Republicans Josh Hawley of Missouri and John Barrasso of Wyoming as well as Democrats Cory Booker of New Jersey, Bernie Sanders of Vermont and Elizabeth Warren of Massachusetts—denounced a potential IPO. For years, former Florida Senator Marco Rubio, now Secretary of State, was one of JBS’ loudest critics. In 2019 Rubio requested an investigation by a Treasury Department committee into JBS’s acquisitions, and in 2021, he renewed the ask and broadened it to the approximately 250 meat and agribusiness companies owned by the Batista family’s holding company J&F Investimentos. The Treasury Department declined to comment.

Wall Street Apes posts:

This is extremely important

As early as May 23rd it will be decided if JBS, the largest meat packer in the world, will be allowed to trade on the New York Stock Exchange

This is a foreign owned company that has captured and controls our meat supply

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It gets worse:

“If there is one company that should never be allowed on the New York Stock Exchange, it’s JBS, and here’s why.

In case you don’t know, JBS is the largest meatpacking company in the world. And as recent as last September in my home state of Colorado, they have been brought up on some pretty serious allegations by the union leader for human trafficking.

They’ve also been found guilty of corruption charges as well, and they’ve served time.

The Batista brothers who own JBS, they are Brazilian. This is a completely foreign owned company.

Here’s some of the recent allegations that they’re facing of cramming between 40 and 50 people in a apartment to live, charging them between $60 and $120 bucks a week per head to live there, then charging them $40 or $50 bucks to go to and from work and it’s a 5 mile trip.

These guys are convicted criminals charged with bribery in America and Brazil.

— They’re having a meeting May 23rd or as early as May 23rd to decide whether or not JBS gets to be on the New York Stock Exchange. Please share this video. We got to get the word out and keep this corrupt company from owning more of your food supply than they already do.

— Let’s stop JBS from getting on the New York Stock Exchange.”

All this ganging up on JBS is not right. They’re probably struggling financially and are just trying to make ends meet. Oh, they’re making $77 billion in revenue.

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They also love destroying the Amazon forests. Anything for profits.

Oh, and they like hiring hackers.

This is a Guest Post from our friends over at WLTReport.

View the original article here.


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