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Flavio Bolsonaro Seeks $26.8 M From Jailed Banker, Bovespa Slides

5/15/2026

39 3 Full Breakdown

Summary

Story summary

Flavio Bolsonaro was recorded asking jailed banker Daniel Vorcaro for $26.8 million to fund a biopic of his father.
Vorcaro is jailed for banking fraud that cost about R$60 billion and harmed 800,000 clients.
The Bovespa index closed 1.8 percent lower as investors reacted to the alleged connection.
Producers say the promised funds never reached the film, leaving the source unclear and prompting investigation.

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Story summary

Flavio Bolsonaro was recorded asking jailed banker Daniel Vorcaro for $26.8 million to fund a biopic of his father.
Vorcaro is jailed for banking fraud that cost about R$60 billion and harmed 800,000 clients.
The Bovespa index closed 1.8 percent lower as investors reacted to the alleged connection.
Producers say the promised funds never reached the film, leaving the source unclear and prompting investigation.