Former Billionaire Eike Batista Convicted for Insider Trading
Former billionaire Eike Batista, second from left, waits inside court for the start of his insider-trading trial in Rio de Janeiro, Brazil. (Photographer: Dado Galdieri/Bloomberg)

Former Billionaire Eike Batista Convicted for Insider Trading

(Bloomberg) -- Eike Batista, formerly Brazil’s richest man, was sentenced to an additional eight years and seven months of prison time on Monday for insider trading.
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