Rio de janeiro — eike batista, an oil and mining tycoon who just years ago was on a quest to use his vast fortune to turbocharge brazil’s growth, was sentenced to 30 years in.
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Before his criminal conviction, maverick mining.
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In 2007, nacchio was sentenced to six years in prison.
He was also ordered to pay a $19 million fine and forfeit an additional $52 million he had made through illegal trading.
But it's all come crashing down:
On wednesday, batista's oil company, ogx, filed for bankruptcy, imploding his empire.
His fall is being called the biggest default in latin.
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