Confidentiality agreement is the 1st phase to begin award-winning collaboration; former banker was transferred to a PF unit
The founder of Banco Master, Daniel Vorcaro, signed this Thursday (19 March 2026) a confidentiality agreement with the Federal Police and the PGR (Attorney General’s Office). Signing the document marks the beginning of the process for formalizing a plea bargain by the entrepreneur.
Also this Thursday (19th March), minister André Mendonça, rapporteur of the investigation into Master fraud at the STF, the transfer of Vorcaro from the Federal Penitentiary of Brasília to a cell at the Federal Police Superintendence in the federal capital. The former banker has been in pre-trial detention since March 4.
With the confidentiality agreement, Vorcaro, the PGR and the PF committed to maintaining absolute secrecy regarding negotiations for possible collaboration.
Vorcaro’s defense now relied on the attorney. He is known for having handled other plea bargain cases, such as former president of OAS, at Lava Jato.
The new lawyer met with Mendonça to begin discussions about the plea bargain. If the agreement is signed, Vorcaro will be able to receive benefits in a possible conviction, as long as he provides information that serves to collect sufficient evidence in a PGR complaint.
MENDONÇA REPORT
The minister took over the investigation on February 12, after the and minister Dias Toffoli .
Mendonça authorized the 3rd phase of the Compliance Zero operation, which determined the by Daniel Vorcaro, founder of Banco Master.
In the decision ( – PDF – 384 kB), the minister said that Vorcaro “maintained direct involvement in conducting financial and institutional strategies related to the institution, participating in decisions aimed at raising funds in the financial market and their subsequent allocation in investment structures linked to the economic conglomerate itself”.
According to him, elements of the investigation indicate that the banker “participated in structuring a fundraising model through the issuance of bank securities with remuneration significantly higher than the market average, directing the amounts obtained for investments in higher risk and low liquidity assets, including through investment funds in credit rights in which Banco Master itself appeared as a shareholder”.
According to the PF, the scheme investigated has 4 main areas of activity:
- 1 – financial nucleus, responsible for structuring fraud against the financial system;
- 2 – core of institutional corruption, aimed at co-opting public officials from the Central Bank;
- 3 – core of asset concealment and money laundering, using intermediary companies;
- 4 – intimidation and obstruction of justice nucleus, responsible for the illegal monitoring of opponents, journalists and authorities.
In addition to Vorcaro, the following were arrested:
- Fabiano Zettelinvestigated for making payments and guiding an intimidation center;
- Marilson Roseno da Silvaretired federal police officer investigated for participating in a group monitoring Vorcaro’s opponents;
- Luiz Phillipi Machado de Moraes Mourãocalled Sicário –he on March 6 after trying to kill himself while in Federal Police custody in Belo Horizonte. The corporation did not detail what happened.
