Daniel Vorcaro ran a fraud scheme, the Central Bank liquidated Bank Master, and Augusto Ferreira Lima bribed politicians in Brazil.
2 reports, 2 independent
Updated Sep 14
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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
- Banco Master is under inquiry regarding financial crimes and money laundering, involving former controlling shareholder Daniel Vorcaro.
- Police investigation into bank fraud involving Banco Master and Daniel Vorcaro is underway, with messages flagged and testimony held in the chambers of Justice André Mendonça.
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Augusto Ferreira Lima
Nothing else this week.
Related events
- Daniel Vorcaro, who owned a bank involved in fraud, is currently facing charges in Brazil.
- Daniel Vorcaro had contact linked to Alexandre de Moraes' office while his bank faced collapse.
- Federal District filed an action at the Supreme Court seeking a court guarantee for a loan involving former Banco Master partner Daniel Vorcaro.
- The bar association has pushed for impeachment proceedings regarding the issues surrounding the Banco Master scandal.
- An investigation into a suspected fraud scheme at Banco Master is underway, involving the bank's failure and the oversight of Supreme Court justices.