The Regional Federal Court of the 1st Region ordered on Friday, November 28, 2025, the release of Daniel Vorcaro, owner of Banco Master, and four other directors, with ankle monitor use and other precautionary measures. Desembargadora Solange Salgado da Silva's decision will be enforced on Saturday, 29. Vorcaro was arrested on November 17 during Operation Compliance Zero, probing frauds of about R$ 12.2 billion in fake credit titles.
Daniel Vorcaro, 42, from Minas Gerais, took control of Banco Máxima in 2019, renaming it Banco Master in 2021. Under his management, the bank pursued an aggressive strategy of selling high-yield CDBs, drawing financial market attention. In 2024, it acquired Banco Voiter and Will Bank. Vorcaro built ties with political figures like Senator Ciro Nogueira (PP), Antonio Rueda (União Brasil), and Justice Alexandre de Moraes (STF), and hired consultants including Ricardo Lewandowski, Gustavo Loyola, Henrique Meirelles, and Guido Mantega.
On November 17, 2025, Vorcaro was preventively arrested at São Paulo's Guarulhos Airport while attempting to board his private jet to Dubai, United Arab Emirates. The Federal Police launched Operation Compliance Zero, investigating the sale of forged payroll loan portfolios worth R$ 12.2 billion to BRB (Banco de Brasília). The next day, the Central Bank decreed the extrajudicial liquidation of Master. The PF executed arrest, search, and seizure warrants in São Paulo, Rio de Janeiro, Minas Gerais, Bahia, and the Federal District, seizing luxury cars, artworks, and R$ 1.6 million in cash.
Vorcaro was transferred to the Provisional Detention Center (CDP) 2 in Guarulhos the previous Monday. Allies report he endured 'maus bocados' in prison and refused transfer to Brasília's Papuda Complex, betting on pressure for provisional release. His lawyer, Pierpaolo Bottini, stated: 'The Justice recognized the illegality of an arrest that did not hold under any legal aspect'.
Desembargadora Solange Salgado acknowledged the facts' severity but deemed precautionary measures sufficient, as the crimes lack violence or serious threats. Besides the ankle monitor, defendants must surrender passports, avoid contacts among themselves, with witnesses, Master and BRB staff, make periodic court appearances, justify activities, and refrain from leaving the country or municipality without permission. They are suspended from financial activities.
Others released include Augusto Ferreira Lima, Luiz Antônio Bull, Alberto Felix de Oliveira Neto, and Ângelo Antônio Ribeiro da Silva. BRB, which planned to buy 58% of Master in March 2025 but was blocked by the BC in September, decided to act as an accusing assistant. Vorcaro's allies foresee challenges: 'Now the fight begins'. Upon release, he plans to open a bottle of Sassicaia 2011 wine, costing R$ 6,000.
