Important Update: Federal Lawsuit Filed SDNY-CV-6588 and Why It Matters

I want to take a moment to share an important update with everyone who has supported me here.

A federal lawsuit has now been filed in the United States District Court for the Southern District of New York involving major institutional actors, including Tricon Energy and Banco Bradesco. The case centers on the destruction of my regulated biodiesel business and its misuse in what Brazilian authorities have since exposed as the largest fuel sector crime in the country’s history.

For a long time, what happened to us was framed as a simple business dispute. Over time, that explanation became harder to accept. Now, public investigations in Brazil have brought to light a much broader criminal scheme in the fuel and methanol markets. A central figure connected to that scheme, Mohamad Hussein Mourad, has been publicly identified in the press and is currently reported as a fugitive from justice. These developments sadly confirm concerns I raised years ago, long before the full picture was visible.

The lawsuit alleges that Tricon Energy, widely described as Brazil’s largest methanol importer and one of the world’s major chemical traders, continued transactions after clear warnings and ultimately benefited from the scale and opacity of illicit methanol flows. It also alleges that Banco Bradesco, along with its U.S. affiliated operations, processed U.S. dollar transactions connected to this activity, placing New York and the U.S. financial system at the center of events that were anything but local.

This is why the case is now in New York. U.S. dollar wires, correspondent banking, and U.S. based entities played a real role. What happened here reaches far beyond one company or one country.

Our facility was lost. A legitimate business was dismantled. Many people who did everything right paid a heavy price. Meanwhile, the largest and most powerful players were able to move on without answers, at least until now.

This lawsuit is about accountability and transparency. It is about giving the facts a fair hearing in an independent court and making sure that systems meant to support lawful commerce are not quietly used to enable something else.

For anyone who would like to see more detailed timelines, documents, and source material, I have made that information available on my blog:

biocleanrico.blogspot.com

Your support helps cover legal costs, expert work, and the practical reality of taking on institutions with enormous resources. I am deeply grateful to everyone who has stood by me. This process is not easy, but it feels important and necessary.

Thank you for your continued trust and support.