# Daniel Vorcaro: Brazil's Banking Scam Mastermind

> Brazil's top banker Daniel Vorcaro faces charges for a $10 billion bank collapse that links to political and judicial corruption.
- Title: Daniel Vorcaro: Brazil's Banking Scam Mastermind · MoneyWeek
- Summary: Brazil's top banker Daniel Vorcaro faces charges for a $10 billion bank collapse that links to political and judicial corruption. Vorcaro's Banco Master…
- Keywords: daniel vorcaro, banco master, brazil, bank fraud, corruption, political influence, judicial corruption, bolsomaro, supreme court, brazilian government, Daniel, Vorcaro
- Source: MoneyWeek — https://moneyweek.com/people/daniel-vorcaro-the-man-behind-the-banco-master-scam-that-is-shaking-brazil
- Published: 2026-09-27T06:00:00+00:00
- Read time: 1 min
- Topics: daniel vorcaro, banco master, brazil, bank fraud, corruption, political influence, judicial corruption, bolsomaro, supreme court, brazilian government
## Arrested for fraud
Brazilian federal agents arrested Daniel Vorcaro last November after he planned to flee the country. He faces charges of bank fraud, corruption, and money laundering.
## Banco Master collapse
Vorcaro led Brazil's biggest banking failure in a generation, leaving a $10 billion hole and thousands of victims.
## Political connections
Vorcaro built a network of influence across Brazil's political and judicial systems, including Supreme Court justices and politicians.
## Ponzi scheme
Banco Master operated as a Ponzi scheme with inflated returns that lured ordinary Brazilians to invest.
## Supreme Court ties
Supreme Court justice Alexandre de Moraes' wife signed a $25.5 million contract with Banco Master.
## Political influence
Vorcaro spent millions funding Dark Horse, a biopic of former president Jair Bolsonaro, who was jailed for a coup attempt.
## Key takeaway

Vorcaro's Banco Master collapsed due to a Ponzi scheme with political and judicial connections.