BC resists giving more time for BRB to present solution for losses with Master case
The Central Bank of Brazil is reluctant to grant the Bank of Brasília additional time to address losses stemming from fraudulent transactions with Banco Master.
Daniel Vorcaro signs confidentiality agreement to begin collaboration
Former banker Daniel Vorcaro has signed a confidentiality agreement as the first step towards negotiating a plea bargaining deal in the Master Bank fraud investigation.
BRB requests more time from the Central Bank to present solutions for Master case deficit
BRB (Banco de Brasília) has requested an extension from the Central Bank to announce its 2025 results and propose solutions to address the deficit caused by fraudulent transactions involving Banco Master.
Vorcaro does not want to involve STF in plea bargaining
Former banker Daniel Vorcaro does not intend to include Supreme Court justices in his potential plea bargain regarding the fraudulent management of Banco Master.
Esh Capital manager claims Tanure was one of the true owners of Master
Vladimir Timerman from Esh Capital testified that Nelson Tanure was one of the real owners of Banco Master, depicting Daniel Vorcaro as a mere front for the actual ownership.
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.
Mendonça extends the Master case investigation for 60 days after request from the Federal Police
Minister André Mendonça of Brazil's Supreme Federal Court has extended the investigation into the Master case for an additional 60 days at the request of the Federal Police to allow for further essential investigations.
Federal Police asks Mendonça for 60 more days to conclude inquiry into Master and BRB
The Federal Police of Brazil has requested a 60-day extension from Minister André Mendonça to complete an inquiry into alleged fraud concerning the attempted purchase of Banco Master by BRB.
Federal Police Director says the corporation will not be intimidated and reaffirms focus on billion-dollar fraud in the Master case
The Director-General of the Federal Police of Brazil, Andrei Rodrigues, announced the continuation of investigations into massive financial fraud, insisting that the police will not be intimidated by outside pressures.
The Master Inquiry will be extended as it is still in the 'initial phase'
The minister leading the investigation into Bank Master's frauds has decided to extend the inquiry for at least 60 days due to its initial status and the volume of evidence yet to be examined.
PL ignores CPI request for Master already presented and complicates investigation in the DF Chamber
The PL party has complicated the initiation of investigations into fraud involving the Master Bank by proposing a new CPI request that lacks sufficient support.
Government will tighten carbon market rules after fraud at Master, says secretary; watch
The Brazilian government plans to strengthen regulations in the carbon market to prevent environmental fraud similar to that perpetrated by companies linked to Daniel Vorcaro, owner of Banco Master.
Master attempted to transfer R$ 15.8 billion to BRB to compensate for fraud in credit portfolios, says report
The Master Bank tried to transfer R$ 15.8 billion to the BRB to replace R$ 12 billion in allegedly fraudulent credit portfolios sold to the Brasília bank, according to a financial intelligence report.
Banco Master and the rotten patriarchal powers
The Banco Master scandal exposes significant financial fraud and the involvement of high-profile authorities in grotesque events.
Zanin denies request for STF to compel Congress to install CPI on the Master case
Minister Cristiano Zanin of the Brazilian Supreme Federal Court has denied a request from lawmakers to compel the Chamber of Deputies to establish a Parliamentary Inquiry Commission to investigate alleged fraud involving Banco Master.
Vorcaro spent more than R$ 100 million on credit cards from 2019 to 2025
Daniel Vorcaro, the owner of Banco Master, allegedly spent R$ 104.4 million on credit cards from 2019 to 2025 and was recently arrested due to suspected financial fraud.
With declared income of R$ 570 million in 2024, Vorcaro received a tax refund
Daniel Vorcaro, owner of Banco Master, declared R$ 570 million in income for 2024 and received a tax refund despite being imprisoned on fraud charges.
Vorcaro's companies transferred over R$ 700 million in Master assets to an offshore in a tax haven, says Coaf
Companies linked to banker Daniel Vorcaro have transferred over R$ 700 million in assets from Banco Master to an offshore entity based in the Cayman Islands, according to a report from Brazil's Financial Activities Control Council (Coaf).
Toffoli drawn as rapporteur of the request for Congress to install a CPI on Banco Master and BRB
Brazil's Supreme Court Minister Dias Toffoli has been assigned as the rapporteur for a congressional request to investigate financial fraud allegations involving Banco Master and BRB.
Ibaneis sanctions rescue plan for BRB after losses with Master
Governor Ibaneis Rocha sanctioned a rescue plan for the Bank of Brasília (BRB) following losses incurred from fraudulent assets of Banco Master.
Bolsonaro's PL Breaks with Ibaneis and Proposes CPI on Master in the DF Chamber
The PL party has severed ties with Governor Ibaneis Rocha and proposed a parliamentary inquiry to investigate fraud related to Banco Master in the Federal District.
Understand the functions of Amazonprev leaders in million-dollar scheme involving Banco Master
Three leaders from Amazonprev are under investigation for their roles in a multimillion-dollar financial irregularity scheme associated with Banco Master in Brazil.
Fachin meets with Mendonça to discuss Master case
Supreme Federal Court President Edson Fachin held an unplanned meeting with Minister André Mendonça to discuss ongoing investigations into fraud involving Banco Master.
PGR defends itself against Mendonça's criticism regarding the arrest order for Vorcaro: without 'option to be unconsidered'
The Attorney General of Brazil, Paulo Gonet, defended his actions in the investigations of a billion-dollar fraud involving Banco Master, emphasizing that criminal cases should not be treated lightly and responding to criticisms from Supreme Court Justice André Mendonça.
Photo shows Daniel Vorcaro after arrest
Daniel Vorcaro, owner of Banco Master, was arrested in São Paulo for his involvement in a large-scale financial fraud scheme.
How the international press reported Vorcaro's arrest and the turnaround in the Master case: 'touch of violence to the scandal'
The international press has reported extensively on the second arrest of Daniel Vorcaro, the owner of Banco Master, highlighting its significance in the investigation of fraud and money laundering.
Carbon fraud suspicions regarding Banco Master are serious and should not contaminate the market, says secretary
Cristina Reis, the Secretary of the Carbon Market at the Ministry of Finance in Brazil, expressed concerns over potential fraud linked to environmental assets from companies connected to Banco Master, emphasizing the need for regulation to protect the integrity of the sector.
Daniel Vorcaro leaves prison in São Paulo and begins transfer to Brasília
Banker Daniel Vorcaro, owner of Banco Master, has left a prison in São Paulo and started his transfer to Brasília after being arrested for his involvement in a billion-dollar financial fraud scheme.
The terrors and turbulence of the Master case have only just begun
The Master scandal, a significant financial fraud case in Brazil, involves numerous high-profile individuals and is far from resolution, causing political turmoil as elections approach.
Vorcaro's Arrest Upsets PGR and Creates Discrepancy Between Gonet and Mendonça
The arrest order for Daniel Vorcaro, owner of Banco Master, issued by Supreme Court Minister André Mendonça, has caused discontent within the PGR and a conflict with Prosecutor General Paulo Gonet.
Vorcaro's Agenda Included Ibaneis, Alcolumbre, Joesley, and Ministers of the STF
Daniel Vorcaro, the owner of Banco Master, was arrested on suspicion of running a fraud scheme, with his phone contacts revealing connections to key political figures in Brazil.
Valdemar da Costa Neto defends CPI of Banco Master in the Senate
Valdemar da Costa Neto urges the establishment of a Congressional Inquiry Commission to investigate Banco Master amid allegations of financial fraud.
Daniel Vorcaro will be in isolation for 10 days at the Potim penitentiary in the interior of SP
Banker Daniel Vorcaro, owner of Banco Master, is in isolation for 10 days in Potim penitentiary following his arrest related to a major financial fraud investigation.
Daniel Vorcaro, arrested by the Federal Police in a new operation on Banco Master, transferred to Potim, SP
Banker Daniel Vorcaro has been arrested in a new phase of an investigation into financial fraud and was transferred to a prison in Potim, São Paulo.
Vorcaro says in messages that meeting with Lula was 'great'
Daniel Vorcaro, owner of Banco Master, described his meeting with President Lula as 'great' before the financial fraud scandal broke, as revealed in messages to his girlfriend.
INSS detects new irregular credit operated by Master, similar to Credcesta, and finds signs of fraud
The INSS has identified irregular lending practices associated with Banco Master's M Fácil Consignado, indicating potential fraud in loan contracts.
Vorcaro calls Bolsonaro an idiot and complains about a post made by the former president about Master
Daniel Vorcaro criticizes Jair Bolsonaro for his post regarding alleged fraud related to the bank and expresses his frustration over reactions to it.
Master's Jagunços Highlight the Severity of the Scandal
New evidence suggests that the Master Bank scandal involved not only massive fraud but also a clandestine operation focused on intimidating the press and dissenters.
‘Sicario’, arrested in new phase of the investigation into Banco Master, has a history of fraud, receiving stolen goods, and criminal association
Luiz Phillipi Machado de Moraes Mourão, known as 'Sicario', was arrested in connection with a new phase of an investigation into Banco Master and has a criminal history.
Owner of Banco Master detained, the magnate whose secrets shake the political class in Brazil
Daniel Vorcaro, the owner of Banco Master, was detained in São Paulo on charges of massive fraud and for allegedly spying on investigators.
Federal Police says ‘Sicário’ tried to commit suicide after being arrested in new phase of operation about Banco Master
Luiz Phillipi Machado de Moraes Mourão, known as 'Sicário', attempted suicide following his arrest in a financial fraud investigation related to Banco Master.
Daniel Vorcaro and Fabiano Zettel are transferred to prison in Guarulhos (SP)
Daniel Vorcaro, owner of Banco Master, and his brother-in-law, Fabiano Zettel, were transferred to a detention center in Guarulhos following a Federal Police operation.
Master Case: Investigation Reveals 'Militia' for Threats, Espionage, and Bribes to Central Bank Officials
The banker Daniel Vorcaro, owner of Master Bank, has been arrested again in São Paulo amid a federal investigation into a multi-billion dollar financial fraud scheme.
What you need to know about the arrest of Daniel Vorcaro and the collapse of Banco Master
Daniel Vorcaro, the banker and controller of Banco Master, has been arrested amid investigations into fraud, public corruption, and the use of intimidation methods involving private militias.
Vorcaro denies accusations and says he did not attempt to obstruct justice
Daniel Vorcaro, the owner of Master, has denied accusations of attempting to obstruct justice in relation to alleged fraud investigations.
Zettel, brother-in-law of Vorcaro, surrenders to Federal Police in SP
Businessman Fabiano Zettel, brother-in-law of former banker Daniel Vorcaro, surrendered to the Federal Police in São Paulo amid investigations into financial fraud linked to the Master group.
Defense of Vorcaro, owner of Banco Master, denies accusations and says he never tried to obstruct the work of Justice
The defense of Daniel Vorcaro, owner of Banco Master, denies allegations of obstructing justice amid investigations into a billion-dollar financial fraud scheme.
Who is Daniel Vorcaro's brother-in-law arrested during PF operation regarding Banco Master
Fabiano Campos Zettel, the brother-in-law of Daniel Vorcaro, owner of Banco Master, was arrested in a federal operation investigating financial fraud.
Former Central Bank Director Targeted by Federal Police Along with Vorcaro
The Federal Police conducted a search operation at the homes of a former Central Bank director and another official linked to fraud at Banco Master.
Daniel Vorcaro's arrest is the first action authorized by Mendonça after taking over the Banco Master case; understand
Daniel Vorcaro, a banker linked to Banco Master, has been arrested as part of an ongoing investigation into a billion-dollar financial fraud scheme, marking the first action by Minister André Mendonça since taking on the case.