Daniel Vorcaro, the owner of Banco Master, met with his lawyer on Friday to discuss a potential plea bargain. Vorcaro has signed a confidentiality agreement with both the Attorney General's Office (PGR) and the Federal Police (PF), suggesting he may provide information in exchange for a reduced sentence. Currently, he is detained in the Federal Police headquarters in Brasília, which has increased security measures around him.

Vorcaro's transfer from a maximum-security federal penitentiary to the Federal Police headquarters came shortly before his meeting with his lawyer. He was helicoptered to the location and is now under heightened surveillance, with airspace around the facility being closely monitored and drone flights banned. These measures underline the seriousness with which the authorities are treating this case, which involves accusations against Vorcaro of financial crimes, corruption of public officials, and harassment of journalists and officials.

The backdrop to Vorcaro's situation includes the liquidation of Banco Master by the Central Bank in November 2025, following which Vorcaro became embroiled in ongoing investigations. The potential for a plea deal could have significant implications, not only for Vorcaro personally but also for the broader investigations into corruption and financial misconduct in Brazil, especially as it may lead to more information being disclosed regarding other parties involved in these alleged crimes.