Master Liquidator Needs to Rush to Prevent Stolen Money from Turning to Dust
The liquidator of the Master conglomerate faces urgent challenges in recovering billions siphoned off through fraud, as investigations reveal the involvement of politicians and others.
Vorcaro allegedly used money from Master to finance art collection in the USA, says liquidator
The liquidator of Banco Master has provided details to a U.S. court on how former banker Daniel Vorcaro allegedly utilized bank funds to purchase high-value artworks.
Master liquidator seeks fund owners and considers hiring a company to trace resources
The liquidation process of the Master fund is struggling to track the invested money due to complex fund interrelations, prompting potential investors to reach out for ownership claims.
Liquidator of Banco Master sues Vorcaro family accused of embezzling more than $1 billion
EFB Regimes Especiais de Empresas has filed a lawsuit against the Vorcaro family in the U.S. for alleged involvement in a scheme to embezzle over $1 billion from Banco Master.
BRB calls on STF to receive resources from Banco Master handed over to the liquidator
The president of Banco de Brasília (BRB) has initiated a legal action with Brazil's Supreme Court to recover financial resources linked to credit portfolios acquired from Banco Master following its liquidation.
Central Bank announces new liquidator for Banco Master
The Central Bank of Brazil has appointed a new liquidator for Banco Master due to health issues of the previous administrator.
The Association of Experts and Court Experts is going into bankruptcy
The Croatian Professional Association of Experts and Court Experts is facing bankruptcy proceedings scheduled for March 6, 2024, as the Zagreb city authorities accuse its liquidator of withholding municipal property for two years.