# Tag: Accounting Fraud

- [Update: Americanas Probe Moves Closer to Brazil’s Billionaire Shareholders](https://brazilstockguide.com/insights/brazil-americanas-fraud-probe-r54-billion-assets/) (2026-06-25): Federal Police order searches and asset seizure of up to R$ 54 billion in second phase of accounting-fraud investigation; reports say Paulo Lemann and Beto Sicupira are among targets.
- [CVM points to ex-CEO as architect of Brazil’s largest capital-markets fraud](https://brazilstockguide.com/insights/americanas-accounting-fraud-cvm/) (2026-01-21): Regulator accuses former Americanas chief Miguel Gutierrez of leading a R$20 billion accounting scheme that misled investors for years and is now headed to trial.