The owner of the Master was transferred to the maximum security unit this Friday afternoon (6)
The owner of Banco Master, Daniel Vorcaro, . Previously, the banker was preventively detained in Potim, in the interior of São Paulo. The transfer took place after Minister André Mendonça, of the Federal Supreme Court (STF), .
In the first 20 days, Vorcaro will be isolated in a 9 m² cell. The place has bed, table, seat, shelf and sink made concrete. There is also a private bathroom and shower (open at specific times). After the period, the banker will be allocated accommodation with the same characteristics, but slightly smaller, measuring 6 m².
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Vorcaro also received a “Kit Preso”. The banker was given:
- An espadrille;
- A slipper;
- A coat;
- A sweater;
- Tactile pants;
- T-shirts;
- Glove;
- Cap;
- Towel;
- Bed linen;
- Pillow;
- Two plastic cups;
- A plastic plate;
- Plastic cutlery;
- Personal hygiene products;
- Pens;
- Coloring pencils;
- Bond papers.
They were also books available. Among them:
- “I’m Still Here”, by Marcelo Rubens Paiva;
- “Onyx Storm”, by Rebecca Yarros;
- “Stairway to Heaven: Led Zeppelin sem censura”, de Richard Cole.
Brasília Federal Penitentiary
Opened in 2018, the Brasília Federal Penitentiary is one of the five maximum security units in Brazil. Com 208 aimsthe location is next to the Papuda Penitentiary Complex and the 19th Military Police Battalion of the Federal District, known as “Papudinha”where former president Jair Bolsonaro is imprisoned.
Understand the Master case
After identifying signs of financial irregularities and the serious liquidity crisisthe Central Bank determined, on November 18, the extrajudicial liquidation of Banco Master S/ABanco Master de Investimentos S/A, Banco Letsbank S/A and Master S/A Corretora de Câmbio, Títulos e Valores Mobiliários.
On January 21, Will Bank, the digital arm of the Vorcaro conglomerate, .
The Banco Master liquidation process was accompanied by Operation Compliance Zero. Also on November 18, the PF launched the first phase of the action to combat the issuance of false credit securities by institutions that are part of the National Financial System (SFN). Faced with the possibility of escape, Vorcaro was arrested the day before. The banker was later released using an electronic ankle bracelet. .
According to investigations, Vorcaro’s financial institution offered Bank Deposit Certificates (CDB) with profitability well above the market. To sustain the practice, Banco Master started taking excessive risks and structuring operations that artificially inflated its financial balancewhile the liquidity deteriorated.
The episodes of settled on January 15th, are the most serious problems in the Brazilian financial system. The cases involve, in addition to fraud, tensions between the STF and the Federal Audit Court (TCU), as well as with the Central Bank and the PF.
On January 17, the Credit Guarantee Fund (FGC) began the from Banco Master, Banco Master de Investimento and Banco Letsbank. The total amount to be paid in guarantees amounts to R$40.6 billion.
