Federal Police Launch Second Phase of Banco Master Probe, Execute 42 Raids and Freeze R$5.7 Billion

Overview

• Search-and-seizure orders authorized by the Supreme Federal Court were carried out at addresses linked to Daniel Vorcaro and relatives across São Paulo, Bahia, Minas Gerais, Rio Grande do Sul and Rio de Janeiro, including locations on Avenida Faria Lima.
• Investigators allege a scheme that issued and sold fake credit instruments, including CDBs promising up to 40% above market, routed money through investment funds and diverted client resources to insiders.
• Entrepreneurs Nelson Tanure and João Carlos Mansur are among the targets; Tanure’s phone was seized at Rio’s Galeão airport, and Vorcaro’s brother-in-law Fabiano Zettel was briefly detained while preparing to fly to Dubai.
• Agents seized luxury cars, watches, electronics, weapons, ammunition and documents as part of inquiries into criminal organization, fraudulent management of a financial institution, market manipulation and money laundering.
• The action builds on November’s phase that saw Vorcaro arrested and the Central Bank order Banco Master’s extrajudicial liquidation, with the inquiry under STF secrecy and the national audit court reviewing the liquidation process.