Banco Master
STF's Second Panel upholds Daniel Vorcaro's prison in unanimous vote
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The STF's Second Panel ruled 4-0 to uphold the preventive detention of Banco Master owner Daniel Vorcaro on Friday (March 20). Justice Gilmar Mendes sided with rapporteur André Mendonça but criticized the reasoning as using 'porous and elastic' terms. The ruling comes amid Operation Compliance Zero probing financial frauds.
The Lagoinha church in Belo Horizonte, recently linked to luxury, politics and the Banco Master scandal, began in the 1970s as a neighborhood Baptist church that revolutionized Brazilian Protestantism with lively worship.
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Cláudio Hebdô blog on Folha de S.Paulo published a post on March 21, 2026, questioning the governors most involved in the Master case. The author points to Cláudio Castro of Rio de Janeiro and Ibaneis Rocha of the Federal District, noting they receive little attention.
The Federal Police arrested banker Daniel Vorcaro on Wednesday (March 4) in the third phase of Operation Compliance Zero, investigating irregularities at Banco Master. The operation uncovered a criminal organization with four nuclei, including corruption of Central Bank employees and intimidation of adversaries. Two BC employees were removed and required to wear ankle monitors.
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The president of the CPMI do INSS, Senator Carlos Viana, announced he will appeal the STF decision allowing banker Daniel Vorcaro not to testify before the commission. The Federal Police presented updates on the Banco Master investigations to Minister André Mendonça in a meeting on Monday. Lawmakers criticize delays in sending broken secrecy documents to the CPI.
Brazil's Central Bank decreed the liquidation of Will Bank, the digital arm of the Master group, on Wednesday (21) after it failed to meet commitments with the Mastercard network. The move raises costs for the Credit Guarantor Fund (FGC) to around R$ 50 billion, the fund's largest ever. Customers report difficulties accessing funds and paying bills, as STF investigations into bank frauds face ongoing pressure.
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Daniel Vorcaro, owner of Banco Master, used a diverted loan from the bank to purchase a R$36 million mansion in Brasília's Lago Sul. The acquisition was through a company connected to his brother-in-law, part of a fraud network probed by federal police. Experts highlight irregularities that may breach financial transparency rules.
Vorcaro signs confidentiality term for plea bargain and is transferred to PF
March 16, 2026 03:24INSS CPMI suspects hidden cameras in secure room after Mendonça suspends access to Vorcaro's confidential documents
March 12, 2026 03:13Toffoli declares himself suspect in Vorcaro's imprisonment judgment
March 11, 2026 10:11Congress leaders to decide soon on Banco Master CPI requests
March 10, 2026 23:50Fachin and Barroso address STF crisis amid Banco Master scandal
February 21, 2026 16:36Mendonça schedules new meeting with PF on Banco Master case
February 20, 2026 22:29Mendonça increases transparency in Banco Master case
February 08, 2026 23:24Fachin's strategy for STF ethics code divides supporters
February 02, 2026 00:02STF resumes work amid internal divisions and Congress tensions
January 24, 2026 15:04Vorcaro denies fraud in Banco Master credits to PF