Petrobras SA (ADR) (PBR) Scandal Leads To Another Arrest

Another person fell victim to the Petroleo Brasileiro Petrobras SA's (ADR) (NYSE:PBR) corruption scandal on Thursday. According to the Wall Street Journal (WSJ), Milton Pascowitch was the latest to be arrested amid the scandal. Mr. Pascowitch was alleged to be a middleman between Petrobras and the construction firm, Engvix. According to the Brazilian police, Mr. Pascowitch paid bribes to a former services director at Petrobras.