Federal Police conducts massive operation against fraud at Banco Master and seizes assets exceeding R$ 5.7 billion

The Federal Police (PF) launched a major operation this Wednesday to dismantle a financial fraud scheme involving Banco Master, executing 42 search and seizure warrants, as well as asset seizure and blocking measures exceeding R$ 5.7 billion.

Among the main targets of the investigation is businessman Daniel Vorcaro, identified as one of the central figures involved in the scheme. The court orders are being executed simultaneously in the states of Rio Grande do Sul, Minas Gerais, São Paulo, Bahia, and Rio de Janeiro.

Large-Scale Fraud

According to preliminary information, investigations indicate the existence of irregular financial operations, possible money laundering, and the use of corporate structures to conceal assets. The volume of blocked assets suggests one of the largest cases of financial crimes investigated in recent years.

The Federal Police are working on the hypothesis that the scheme has caused billions of dollars in losses to the financial system, in addition to possible impacts on investors and related institutions.

Coordinated Actions

The operation mobilizes dozens of federal agents and has the support of financial oversight bodies. The warrants authorize the seizure of documents, electronic devices, bank records, and high-value assets, including real estate and corporate holdings.

Ongoing Investigation

The Federal Police reported that the investigation remains under partial secrecy and that new phases are not ruled out, including possible arrests and an expansion of the number of those under investigation.

To date, those mentioned have not officially commented on the accusations.