Brazilian Prosecutors Reject Daniel Vorcaro's Cooperation Deal in Banco Master Case
Brazilian prosecutors have rejected a proposed cooperation agreement from Daniel Vorcaro, a former banker at the center of a significant fraud investigation. Vorcaro, who previously served as CEO of Banco Master SA, was arrested in November 2025 as part of a federal police inquiry. This development follows the Brazilian central bank's decision to liquidate the struggling financial institution.
Brazilian prosecutors have reportedly rejected a cooperation agreement proposed by former banker Daniel Vorcaro. Vorcaro is identified as a central figure in a massive fraud investigation.
The rejection marks a new development in the ongoing legal proceedings. Vorcaro previously held the position of Chief Executive Officer at Banco Master SA.
He was arrested on November 18, 2025, as part of a federal police fraud investigation. This arrest coincided with Brazil's central bank moving to liquidate the struggling Banco Master SA, which maintains its headquarters in Sao Paulo, Brazil.
According to Bloomberg Markets, a person familiar with the matter reported the rejection of the cooperation agreement.
