Gonet’s team assessed that the founder of Banco Master does not bring “robust evidence” and cites “hearsay” stories
The Attorney General of the Republic, Paulo Gonet, rejected this Monday (June 15, 2026) the proposal for a plea bargain from the founder of Banco Master, Daniel Vorcaro. Following the understanding of the Federal Police, which also rejected the proposal last Thursday (June 11, 2026), Gonet’s team assessed that Vorcaro does not bring “robust evidence” and cites stories from “hear say”.
Gonet also considered the lack of commitment on the part of the investigated party to recover amounts gained through possible fraud in the national financial system as a determining factor for rejection. According to investigators, the loss to the FGC (Credit Guarantee Fund) exceeds the figure of R$50 billion.
The proposal explained how the businessman used his political influence to close billion-dollar deals with state public employee pension funds. Under political command, the funds contributed the shareholders’ retirement money to Master’s bad funds.
COMPLIANCE ZERO
Investigations into fraud at Banco Master are within the scope of Compliance Zero, initially authorized by the 10th Federal Court of Brasília in November 2025. The 1st phase provisionally arrested the main executives linked to the institution liquidated by the BC. Still in November, the TRF-1 authorized the use of electronic ankle bracelets and the return of those investigated home.
The case began to be processed in the STF from December 2025, under the command of Minister Dias Toffoli. He authorized the 2nd phase in January 2026, but the report on February 12th. André Mendonça. Vorcaro was arrested again in early March. He is detained at the Federal Police Superintendency in Brasília. He delivered a proposal for a plea bargain, which the Supreme Court minister should take weeks to complete.
Here are the phases of the operation:
- 1st phase (November 18, 2025) – Daniel Vorcaro was for the first time on November 17, 2025, one day before the operation was . He leave Brazil. The action complied with 7 warrants and 25 of search and seizure in 4 states and DF. The former banker was on November 29;
- 2nd phase (14.jan.2026) – to PF searches in . They were seized . The amounts blocked or sequestered in the action exceeded R$5.7 billion. The objective was to investigate the use of fraudulent funds to disguise Master’s cashiers. Read the the decisions that authorized the operation;
- 3rd phase (March 4, 2026) – Vorcaro . According to the PF, the former banker had a group that opponents and for 2 BC employees. On the same day, a man who worked for the founder of Master while in PF custody – he on March 6th. Read the of the decision that approved the ;
- 4th phase (April 16, 2026) – a of the PF arrested former president of BRB. It is investigated by to allow unsupported operations with the Master. According to the Federal Police, Costa received bribes from Vorcaro in . Read the the decision that authorized the action;
- 5th phase (May 7, 2026) – the senator (PP-PI) too . At PF cite o from Vorcaro to the congressman – who . The Master’s rapporteur at the STF, minister André Mendonça, that the relationship between the politician and the former banker “exceeds friendship”. There was a blockage of R$18.85 million. Read the of the decision that authorized the ;
- 6th phase (May 14, 2026) – they were 7 preventive arrest warrants and 17 search and seizure warrants in SP, MG and RJ. Vorcaro’s father was . It was he who the former banker’s intimidation and espionage group, according to the PF. Read the the decision that authorized the operation;
- 7th phase (May 19, 2026) – to PF an operation to determine the . Mendonça an expert from the corporation;
- 8th phase (May 26, 2026) – former governor (PL-RJ) was of search and seizure warrants. The action investigates suspected crimes involving Master and Rioprevidência. The total moved is according to the PF. Read the of the decision that authorized the .
