Businessman was arrested this Wednesday morning during the third phase of Operation Compliance Zero
Daniel Vorcarodono do Banco Master, was transferred of the Federal Police Superintendence in São Paulo to the Provisional Detention Center IIin Guarulhos, in the metropolitan region of São Paulo.
According to the Young Panboth Vorcaro and his brother-in-law, Fabiano Zettel, who surrendered to the PF this morning, were taken to prison.
Minister André Mendonça, of the Federal Supreme Court (STF), . The decision by Mendonça, the case’s rapporteur, responds to a request from the PF itself.
The corporation argued that the regional superintendencies, where they were sent, are intended for “transitory and very short-term” custody, aimed only at the formalization of “notary acts” – identification and registration, for example.
The banker was arrested again this Wednesday (4)in São Paulo, during a new phase of an investigation that investigates an alleged billion-dollar financial fraud scheme.
A Federal Police triggered the third phase of Operation Compliance Zerowhich investigates the possible commission of crimes such as threats, corruption, money laundering and invasion of computer devices, allegedly committed by a criminal organization.
Confirmed by the report of Young Pano He was initially taken to the Federal Police Superintendence in São Paulo.
Vorcaro’s brother-in-law, Fabiano Zettel, was also the subject of an arrest warrant. He surrendered to the PF on Wednesday morning.
In total, four preventive arrest warrants and 15 search and seizure warrants are being served in the states of São Paulo and Minas Gerais. To the orders were issued by Supremo Tribunal Federal.
According to the PF, The investigations had the support of the Central Bank of Brazilwhich helped in the analysis of financial transactions and corporate structures linked to the group investigated.
In addition to the arrests and searches, the Court ordered the removal of those being investigated from public positions and the kidnapping and blocking of assets that could reach R$22 billion. The measure aims to stop the movement of assets linked to the group and preserve values that may be related to the illicit practices found.
Master Case
The settlements of the decreed by the in November 2025, and the investment manager Reag, revealed one of the most serious episodes in the Brazilian financial system.
O case involves suspected billion-dollar fraud, use of investment funds to hide losses, rescue attempts via public banks and tensions between the Federal Supreme Court (STF) and the Federal Audit Court (TCU) with the BC and the Federal Police (PF).
“The decree of the special regime in institutions was motivated by the serious liquidity crisis of the Master conglomerate and the significant compromise of its economic and financial situation, as well as by serious violations of the rules that govern the activity of the institutions that are part of the SFN”, informed the BC in a note at the time.
Extrajudicially, Banco Master S/A, Banco Master de Investimento S/A, Banco Letsbank S/A, and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários were liquidated.
The Banco Master liquidation process was accompanied by Operation Compliance Zerolaunched by the PF to combat the issuance of false credit titles by financial institutions that are part of the National Financial System (SFN).
As a result, on November 17, Master’s owner, Daniel Vorcaro, was arrested. He was later released using an electronic ankle bracelet.
*With information from Estadão Conteúdo
