Augusto Lima, the owner of Banco Pleno, experienced a rapid rise in the financial sector but faced legal troubles that led to the downfall of his bank.
Augusto Lima, the owner of Banco Pleno, has had a meteoric ascent in the financial industry, particularly after founding the Credcesta, a payroll card for public servants, in 2018. Partnering with Banco Master, he expanded his business operations across 24 states and 176 municipalities in Brazil. However, his ascent was premature as he faced significant legal challenges when the Banco Master was investigated for alleged credit fraud, impacting his reputation and the banks' operations.
