Elizabeth Warren Says Trump 'Approved' The Largest Meat Company In World To Be Listed On NYSE Ignoring Corruption And Bribery History, Demands Answers

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Sen. Elizabeth Warren (D-Mass.) is once again calling out corruption in the Trump Administration, following a questionable decision made by the U.S. Securities and Exchange Commission.

What Happened: On Monday, Warren shared a video on X questioning the SEC’s recent approval of Brazilian meat processing company JBS SA’s (OTC:JBSAY) listing on the New York Stock Exchange, despite its history of corruption, price fixing, and safety violations.

“JBS and its subsidiaries have been fined hundreds of millions of dollars for bribery, for price fixing, for safety violations, you name it,” Warren said.

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She then highlighted the company’s connection with the Trump administration, bringing attention to the fact that JBS’ subsidiary, Pilgrim’s Pride, contributed $5 million to President Donald Trump’s inauguration fund, the single-largest donation.

“And can you guess which company made the single largest donation to Trump's inauguration? Pilgrim's Pride, which is owned by JBS,” while noting that the figure was higher than the contributions made by Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META), and Alphabet Inc. (NASDAQ:GOOG) combined.

“After a decade of trying and failing to get the green light to go public, suddenly Trump's SEC gives them the go-ahead,” she says. “That sounds pretty fishy to me.”

Warren said she has sent a letter to the CEOs of JBS and Pilgrim's Pride demanding answers. “We've got to fight back against shady corporate deals and stand up for the Americans who actually play by the rules,” she said.

JBS SA did not immediately respond to Benzinga’s request for comments.

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Why It Matters: JBS SA’s owner, Joesley Batista, is known to have recorded a conversation with former Brazilian President Michel Temer where the latter is seen encouraging the continuous bribery of a jailed politician. The recording was presented to prosecutors as part of a plea bargain.