Federal Police indict Daniel Vorcaro and former BRB president for financial crimes
The Federal Police indicted Banco MasterBanco MasterOrganizationBrazilian mid-sized bank at the center of regulatory probes into asset valuation and funding, whose stress spread to counterparties such as BRB.Open in the Market Map ↗ Daniel Vorcaro and former BRB president Paulo Henrique Costa for crimes including fraudulent management and criminal organization, in a probe into credit portfolios sold to BRB, according to Money Times and Times Brasil.
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In brief
The Federal Police indicted Daniel Vorcaro and the former BRB president.
Charges include fraudulent management.
What we know
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Verified fact · material
The Federal Police indicted Daniel Vorcaro and Paulo Henrique Costa, former BRB president, on October 28, 2026.
Vorcaro was indicted for crimes including fraudulent management and money laundering, and Costa for fraudulent management and criminal organization, in a case over credit portfolios sold to BRB.