Banco Master scandal2020s fraud scandal in Brazil The Banco Master scandal is an ongoing political scandal in Brazil, involving investigations into alleged financial fraud in private bank Banco Master and the political dealings of its major shareholder, businessman Daniel Vorcaro. The scandal emerged in late 2025 with the launch of Operation Compliance Zero by the Federal Police and the liquidation of the financial institution by the Central Bank, as well as Vorcaro's arrest in November.
Daniel VorcaroDaniel Bueno Vorcaro (born 6 October 1983) is a Brazilian former banker and businessman. He is involved in numerous frauds in the financial, real estate, healthcare, and retail sectors. He gained prominence as the majority shareholder and president of Banco Master (formerly Banco Máxima), guiding the institution through phases of expansion and investment diversification.Fitch RatingsFitch Ratings, Inc. is an American–British credit rating agency. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission and is considered as being one of the "Big Three credit rating agencies", along with Moody's and S&P Global Ratings.
Central Bank of BrazilThe Central Bank of Brazil (BCB; Portuguese: Banco Central do Brasil, pronounced) is the central bank of Brazil. It is the country's chief monetary authority and is responsible for maintaining the stability of the national currency's purchasing power. The bank was established on 31 December 1964. The Central Bank of Brazil is not affiliated with any ministry and, like other central banks, exercises monetary authority in the country.
Northeast Region, BrazilThe Northeast Region of Brazil (Portuguese: Região Nordeste do Brasil [ʁeʒiˈɐ̃w nɔʁˈdɛstʃi du bɾaˈziw]) is one of the five official and political regions of the country according to the Brazilian Institute of Geography and Statistics.
Goldman SachsAmerican investment bankMajor Goldman Sachs offices30 Hudson Street in Jersey City, New Jersey, U.S.222 Main, Salt Lake City, Utah, U.S.The Goldman Sachs Group, Inc. ( ) is an American multinational investment bank and financial services company. It was founded in 1869 and is headquartered in the Battery Park City neighborhood of Manhattan in New York City, with offices in many financial centers worldwide. Goldman Sachs is one of the largest investment banks by revenue.
Brazil national football teamThe Brazil national football team (Portuguese: Seleção Brasileira de Futebol), nicknamed Canarinho, represents Brazil in men's international football and is administered by the Brazilian Football Confederation, the governing body of football in Brazil. It has been a member of FIFA since 1923 and was a founding member of CONMEBOL in 1916. It was also a member of PFC, the unified confederation of the Americas, from 1946 to 1961.
São PauloMost populous city in BrazilMunicipality in Southeast, BrazilSão Paulo (; Portuguese:; Portuguese for 'Saint Paul') is the capital and largest city of the state of São Paulo. The largest city in Brazil, it is also the most populous city in the Americas.Vinícius JúniorReal Madrid CFReal Madrid Club de Fútbol (Spanish pronunciation: [reˈal maˈðɾið ˈkluβ ðe ˈfuðβol] ) is a Spanish professional association football club based in Madrid. The club competes in La Liga, the top tier of Spanish football. Founded in 1902 as Madrid Football Club, the club has traditionally worn a white home kit. The honorific title 'Real' is Spanish for "Royal" and was bestowed by Alfonso XIII in 1920.
Banco DigimaisBanco Digimais (styled Banco Digi+ in the logo), formerly Banco Renner, is a Brazilian bank founded in 1981 by the Renner family, based in Porto Alegre. It is owned by bishop-turned-businessman Edir Macedo and controlled by Grupo Record. The financial insttiution focuses on payday loans and financing of vehicles. It has seven branches in three states, over 100,000 customers and five key administrators (including Grupo Record), with a net profit of RS$1 billion in 2016.Alberto J. SafraAlberto J. Safra (born 20 December 1979) is a Brazilian-born businessman who founded ASA and is a member of the Safra family. BiographySafra was born to a Syrian Jewish family, the son of Vicky (née Sarfaty) and Joseph Safra (1938–2020). He has three siblings: , (married to , son of Sasson Dayan), and . He graduated from the Wharton School of Business.*As an Amazon Associate I earn from qualifying purchases.