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Brazilian police probe a pension fraud scheme that stole $1 billion from retirees

  • Brazil's federal police are investigating a scheme that diverted over 6 billion reais from pensions paid by the National Social Security Institute, according to authorities.
  • The investigation targets 11 organizations that operated between 2019 and 2024, according to authorities.
  • Assets worth 1 billion reais were seized, and arrest warrants for six individuals were issued, as reported by federal police.
  • Alessandro Stefanutto, president of the National Social Security Institute, has been removed along with other directors during the investigation.
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UOL broke the news in Brazil on Wednesday, April 23, 2025.
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