This is the Kator Daily Podcast for Friday, May 18, 2018. I'm Kila Brown.

In Brazil, the corruption in the scandal known as Operation Car Wash is still coming to light, and one of the many

judges who helped bring to light the scale of this corruption is Sergio Morrow.

At the Milton Friedman Prize for Advancing Liberty Dinner in New York this week,

Moro was interviewed by Wall Street Journal columnist Mary Anastasia O'Grady.

Ladies and gentlemen, welcome to our conversation with Judge Morrow.

We're very lucky to have him with us here this evening.

And I want to let you know that in preparing for this event,

I started reading through the press clips

of the last four years of the work that you were doing

and the prosecutors were doing in Brazil.

And I was reminded of Mark Twain's observation that truth is

stranger than fiction, but it's because fiction is obliged to stick to the possibilities and truth isn't. And if you read

what happened in Operation Car Wash, it really is a truth that is way stranger than fiction in a country I would say that is enormously

important for the region.

So the changes that Judge Morrow has brought about, I think have big implications for the rest of Latin America.

Just to summarize for those of you who aren't lucky enough to have a Wall Street Journal subscription.

Basically what was going on here was that Petrobras, the big oil company, state-owned oil company was awarding contracts to private construction

companies and those construction companies were padding their bids and so Petrobras would give the contract

to the construction company.

The construction company would give kickbacks

to oil company executives, to politicians, to some of the members of the corporations and as we know it ended up also going

...