Coordinated social media attacks target Central Bank in Banco Master scandal

At least 46 online profiles have launched coordinated attacks against Brazil's Central Bank and investigators in the ongoing Banco Master scandal, intensifying amid legal battles including a recent STF confrontation. Gossip influencers are posting biased content criticizing the regulator's veto of BRB's acquisition and the bank's liquidation.

Coordinated social media attacks against Brazil's Central Bank (BC) have escalated in the Banco Master scandal, following the regulator's veto of Banco de Brasília (BRB)'s acquisition in September and the bank's liquidation. As detailed in prior coverage of the December 30 STF confrontation between Master owner Daniel Vorcaro and ex-BRB president Paulo Henrique Costa—which highlighted contradictions in Federal Police statements—the digital offensive has targeted BC officials amid parallel disputes at the Supreme Federal Court (STF) and Federal Court of Accounts (TCU).

Influencers, often lacking economic expertise and focused on gossip, have criticized the liquidation, attacking figures like former director Renato Gomes (who left December 31), President Gabriel Galípolo and family, Fiscalization Director Aílton de Aquino Santos, bankers, and Febraban. The Brazilian Federation of Banks noted an atypical volume of December posts and is probing coordination.

Examples include a January 2 Instagram post by @divasdohumor slamming Gomes for alleged instability: 'Frequent regulatory changes, volatile interpretations of norms, and lack of clear signaling amplified legal uncertainty.' Gomes dismissed it as 'nonsense.' Earlier, Gomes' image appeared on Brasília billboards pressuring the BC, which unanimously vetoed the deal.

Profiles like @Festadafirma and Futrikei—linked to agencies such as Banca Digital, Grupo Farol, and Deubuzz—posted about December 31 PF depositions, criticizing the BC without evidence of fraud in Vorcaro-BR B clashes. Banca Digital denied payments, calling content 'organic.' Reports indicate influencers were pitched a 'DV' (Vorcaro's initials) campaign with million-dollar offers, rejected by some like councilor Rony Gabriel on December 20.

Banco Master and Vorcaro declined comment. The case also raises STF code-of-conduct concerns, linked to Minister Dias Toffoli's trip with a involved lawyer.

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Illustration of banker Daniel Vorcaro denying fraud to Federal Police at STF amid financial documents.
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Vorcaro denies fraud in Banco Master credits to PF

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Daniel Vorcaro, owner of Banco Master, denied to the Federal Police having defrauded credit portfolios worth R$ 12.2 billion sold to BRB, claiming he did not know which were good or bad. The portfolios, acquired from Tirreno consultancy, allegedly originated from payroll loans via Bahia public server associations, but indications point to forgery to inflate the bank's balance. The testimony took place on December 30, 2025, at the STF, under the rapporteurship of Dias Toffoli.

Following the STF confrontation between Banco Master's controller Daniel Vorcaro and ex-BRB president Paulo Henrique Costa, the scandal deepens with TCU scrutiny of the Central Bank and new revelations of political ties and massive fraud risks. Experts urge full transparency to restore institutional trust.

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Daniel Vorcaro, owner of Banco Master, and Paulo Henrique Costa, former BRB president, underwent a confrontation at the Supreme Federal Court due to contradictions in their statements to the Federal Police. The procedure took place on the night of December 30 and lasted nearly seven hours in total. The Central Bank's director, Ailton de Aquino, was excused from the confrontation.

Police found a note in an ex-BRB director's agenda suggesting the bank's former president tried to save Banco Master through credit portfolio purchases. Paulo Henrique Costa denied irregularities in his deposition, stating operations aimed to replace assets and protect BRB. Investigations reveal potential losses of up to R$ 5 billion for the state bank.

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STF Minister Dias Toffoli denied the Attorney General's Office request to suspend an acareação involving suspects in the Banco Master irregularities case, scheduled for December 30. The hearing will confront Daniel Vorcaro, the bank's owner, Paulo Henrique Costa, former BRB president, and Ailton de Aquino, Central Bank's Fiscalization Director. Lawyers describe the measure as inopportune, as individual depositions have not yet been taken.

The Supreme Federal Court released depositions in the Banco Master inquiry, revealing serious irregularities such as only R$ 4 million in cash despite R$ 80 billion in assets. Meanwhile, INSS blocked R$ 2 billion in payments due to unproven loan contracts, and the Credit Guarantee Fund continues reimbursements to investors.

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In an update to the ongoing Banco Master scandal, the TCU has suspended its inspection of the Central Bank on January 8, following a preliminary review finding no regulatory inaction and amid public pressure. Opposition pushes forward with a CPMI proposal, while controversies persist over judicial ties and aggressive defense tactics.

 

 

 

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