Source: ABC News
“A Brazilian Supreme Court Justice ordered the arrest of Daniel Vorcaro, the former head of a bank worth up to $16 billion in assets, in a new phase of a sprawling investigation into a fraud involving billions of reais. In the 48-page long decision authorizing Vorcaro’s pretrial detention signed Tuesday and accessed by The Associated Press on Wednesday, Justice André Mendonça said the probe had already revealed signs of crimes by Banco Master against the finance and justice systems as well as participation in organized crime and money laundering. Separately, Brazil’s federal police said Wednesday in a statement that they had launched raids ‘investigating the possible crimes of threats, corruption, money laundering and invasion of computer systems carried out by a criminal organization.'” (03/04/26)