In a statement, the corporation stated that it follows ‘rigorous security standards in the processing of information’ collected in its investigations
A Federal Police (PF) announced this Friday (6) that, for guidance from general director Andrei Rodriguesforwarded to the minister André Mendonçaof the Federal Supreme Court (STF), representation for the initiation of an investigation into the “improper disclosure” of messages collected on the cell phone of the owner of Banco Master, Daniel Vorcaro. .
In a note, the PF also stated that “acts in all its investigations following strict security standards in the processing of information, in the preservation and guarantee of fundamental rights”including the “respect for privacy and intimacy”.
“No report, judicial police information or representation presented, within the scope of the Operation Compliance Zerocontained data that was not relevant to the investigation. Therefore, information related to the intimacy or private life of those investigated was not included”, declared the corporation.
The PF also reported that It is not their responsibility to “edit conversations, select or manipulate data extracted from seized equipment”. The corporation added that the materials seized as part of the Operation Compliance Zerowhich investigates alleged fraud involving the Masterhave been under its power since November 2025 and were forwarded to the Attorney General’s Office (PGR) in January. By decision of the then rapporteur of the Master’s case at the STF, minister Dias Toffoli, Vorcaro’s defense had access to the data.
By order of the same magistrate, . On Wednesday (4), the current rapporteur of the case, minister André Mendonça, .
At the end of the day, the banker’s conversations began to be reported in the press. The reports exposed Vorcaro’s exchanges of messages with authorities, his girlfriend and affairs. Also published were .
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.
