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...home state of Rio Grande do Sul, Goulart's holdings grew until he now owns four ranches totaling 36,530 acres, stocked with 24,000 head of cattle, 20,000 sheep, 1,500 horses. He also reportedly owns several parcels of real estate in the Pôrto Alegre state capital, plus 25 rental houses in the town of São Borja...

Author: /time Magazine | Title: Brazil: A Goulart Audit | 5/1/1964 | See Source »

...Guanabara state, Goulart owns a $50,000 apartment overlooking Copacabana Beach, and a dairy farm outside...

Author: /time Magazine | Title: Brazil: A Goulart Audit | 5/1/1964 | See Source »

...Mato Grosso, Brazil's wild west, Goulart has 16 separate holdings, almost all bought within a single week, seven months after he became President in 1961. Twelve of the parcels are contiguous, forming one giant spread of 636,774 acres. Total Mato Grosso holdings: 1,371,983 acres. All of Goulart's ranches are well stocked with cattle and sheep...

Author: /time Magazine | Title: Brazil: A Goulart Audit | 5/1/1964 | See Source »

Loans & Phantoms. The evidence coming out about Goulart's method of acquisition is no less remarkable. According to investigators, an employee of the Fundação Brasil Central, a federal land colonization agency, cleared the way for Goulart's title to Cristalina ranch in Mato Grosso by convincing the former owners that their buildings would be burned to the ground unless they sold out at ridiculously low prices. The new government claims that Goulart got the 112,672-acre Fazenda Três Marias, another of his Mato Grosso ranches, free in return for giving the owner...

Author: /time Magazine | Title: Brazil: A Goulart Audit | 5/1/1964 | See Source »

...Goulart himself borrowed heavily from the bank and never to anyone's knowledge repaid a cruzeiro; the new government is drawing up a list of the loans for possible use in justifying confiscation of his property. More than 500 phantom employees have been found on the payroll of Goulart's Planalto and Alvorada palaces in Brasília-all hired by Jango. Government-paid employees worked on Goulart's ranches; the Brazilian air force built landing strips on them; the Fundação Brasil Central pitched in on construction work...

Author: /time Magazine | Title: Brazil: A Goulart Audit | 5/1/1964 | See Source »

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