Senator Carlos Viana announced that the commission also summoned Luiz Félix Cardamone Neto, former president of Banco BMG, to clarify suspected fraud involving payroll loans offered to beneficiaries
The president of the INSS CPMI, senator Carlos Viana, announced that the dono do Banco Master, Daniel Vorcaro, was summoned for sports in committee next week.
In addition to , The former president of Banco BMG was also called, Luiz Félix Cardamone Neto, both investigated in the case of fraud involving irregular discounts against retirees and pensioners. Testimonies are scheduled for the next Thursday (05).
CPMI investigates suspected fraud and other irregularities in the offering and granting of loans granted to retirees and pensioners from the National Social Security Institute (INSS).
“The CPMI will continue to adopt all applicable legal measures to ensure that no one hides behind provisional decisions and that the facts are fully clarified before the Brazilian people”, wrote the senator in X.
We inform Brazil that Daniel Vocaro and Luiz Félix Cardamone Neto have been summoned to appear this Thursday, February 5th, before the INSS CPMI.
In relation to Maurício Camisoti, the Commission is working to reverse the Habeas Corpus which, on a provisional basis, guarantees the…
— Carlos Viana (@carlosaviana)
In addition to the calls, Viana also defended the extension of CPMI work which investigates fraud and began collecting signatures to extend the collegiate’s operating period.
O Commission closure is scheduled for March 28. However, the senator believes that it is still necessary to further investigate the facts investigated.
“It is not acceptable to end this work without all responsibilities being duly investigated. I am convinced that the extension request will be seriously analyzed and accepted, with respect for the public interest and the constitutional duty of the National Congress to monitor and provide responses to the Brazilian people”, said the senator.
INSS CPMI
Installed on August 20th, the held 29 meetings until December 4th and should resume work on February 5th.
This year the commission’s work will be concentrated on analysis of fraud in payroll loans, with suspicions of harassment, concession without consent and fraudulent renewals that generated unpayable debts.
In 2025, CPMI heard 26 witnesses, including Antônio Carlos Camilo Antunes, who became known as the “INSS Bald”. The commission’s rapporteur, deputy Alfredo Gaspar (União-AL), described Antunes as “author of the biggest robbery of retirees and pensioners in the history of Brazil”.
According to data collected by CPMI, he would be the operator of the scheme and would have generated R$24.5 million in five months.
Several deponents chose to remain silent, supported by habeas corpus. Furthermore, senators stated that some deponents lied during the hearings.
For this reason, the CPMI arrested Abraão Lincoln Ferreira da Cruz, president of the Brazilian Confederation of Fisheries and Aquaculture Workers (CBPA), and Jucimar Fonseca da Silva, former general coordinator of payments and benefits at the INSS.
Until January 2026, the CPMI analyzed 4,800 documents, 73 requests for information and 48 breaches of confidentiality, and identified 108 suspicious companies and more than R$1.2 billion in incompatible financial transactions.
Master Case
The settlements of the decreed by the in November 2025, and the investment manager Reag, on Thursday (15), 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.
