Banker Daniel Vorcaro, owner of Banco Master, was transferred from the Federal Penitentiary of Brasília to the Superintendence of the Federal Police, the corporation said in a note this Thursday (19).
“The Federal Police informs that, in compliance with the court decision handed down by the Minister of the Federal Supreme Court (STF), André Mendonça,… carried out, this Thursday, the transfer of the custodian Daniel Bueno Vorcaro from the Federal Penitentiary System to the Federal Police Superintendency in the Federal District”, says the note.
Subsequently, the STF informed journalists that the transfer was based on a request from Vorcaro’s defense, a request met by Mendonça, but the decision was confidential and would not be disclosed.
The transfer takes place amidst the expectation that negotiations will begin to sign a plea bargain agreement between Vorcaro and investigators.
Last week, after the Supreme Court formed a majority vote to maintain his arrest, Vorcaro decided to change lawyers.
The panel of lawyer Pierpaolo Bottini, a critic of whistleblowing, left the process and was replaced by José Luis Oliveira, one of the best-known criminal lawyers in the country.
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The change signaled that Vorcaro is willing to negotiate a plea bargain agreement with the Federal Police (PF) or the Attorney General’s Office (PGR).
Master Case
The Central Bank decreed the extrajudicial liquidation of Banco Master, owned by Daniel Vorcaro, on November 18, 2025. The main reason was the financial collapse of the institution, which was facing a liquidity crisis after offering aggressive returns to attract investors.
The investigations revealed a billion-dollar fraud scheme, estimated at around R$17 billion, which included the creation of false credit portfolios and attempts to sell these fictitious assets to Banco de Brasília (BRB) to mask the accounting hole.
As a result of the irregularities, Daniel Vorcaro was arrested by the Federal Police on the same day of the liquidation, during Operation Compliance Zero. Although he was later released to be released under precautionary measures, he was arrested again at the beginning of March.
The investigations also resulted in the dismissal of Central Bank employees and the liquidation of other institutions linked to the scheme, such as Reag Investimentos and Banco Pleno.
*With Reuters and Agência Brasil
