Daniel Vorcaro ran a fraud scheme, the Central Bank liquidated Bank Master, and Augusto Ferreira Lima bribed politicians in Brazil.
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Updated sep 20
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How it started
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What happened
Daniel Vorcaro ran a fraud scheme, the Central Bank liquidated Bank Master, and Augusto Ferreira Lima bribed politicians in Brazil.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Daniel Vorcaro founded Banco Master, which subsequently failed within the Brazilian financial system.Sub-event
Vorcaro fraud scheme confirmed; Central Bank liquidates Bank Master; Lima bribed politicians.1 source
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The entities involved
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Daniel Vorcaro
Brazilian banker and economist
- Flavio Bolsonaro, the son of Jair Bolsonaro, is running for president in Brazil and is facing political challenges, including attacks on Alexandre de Moraes's legitimacy.
- Brazilian political tensions escalate as Lula and Bolsonaro compete in elections amid corruption allegations involving Vorcaro and US State Dept rejection of accusations.
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Augusto Ferreira Lima
Nothing else this week.
Related events
- An investigation into a suspected fraud scheme at Banco Master is underway, involving the bank's failure and the oversight of Supreme Court justices.
- A judge shelved a request to investigate Alfredo Gaspar amid the ongoing Banco Master scandal.
- Flávio Bolsonaro is seeking renewed hope for a presidential bid and allegedly received $12 million from Daniel Vorcaro.