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Brazilian Banker Arrested for Fraud Amid Political Scandal

4/10/2026

Summary

Story summary

Brazilian banker Daniel Vorcaro was arrested for fraud as Banco Master faced liquidation amid allegations of him wiring millions to political figures.
Tax records show payments to former President Michel Temer, ex-Finance Minister Guido Mantega, and Fabio Wajngarten, Bolsonaro's former communications head.
President Luiz Inácio Lula da Silva expressed concern the affair could damage Justice Alexandre de Moraes, whose wife’s firm received 40 million reais from Banco Master.

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Story summary

Brazilian banker Daniel Vorcaro was arrested for fraud as Banco Master faced liquidation amid allegations of him wiring millions to political figures.
Tax records show payments to former President Michel Temer, ex-Finance Minister Guido Mantega, and Fabio Wajngarten, Bolsonaro's former communications head.
President Luiz Inácio Lula da Silva expressed concern the affair could damage Justice Alexandre de Moraes, whose wife’s firm received 40 million reais from Banco Master.