Devdiscourse

Massive Banking Fraud Uncovered: The Banco Master Scandal

Brazil's federal police raided businessmen Daniel Vorcaro and Nelson Tanure amid a fraud probe into Banco Master. The operation is the second phase of a police investigation scrutinizing suspected ...

Brazil judge considers blocking asset sales in Banco Master case

A judge at Brazil's federal audit court TCU said on Monday that he may consider measures to prevent the sale of assets during ...
Bloomberg L.P.

Banco Master Seeks $2.2 Billion More From Brazil Insurance Fund

Banco Master is seeking a new credit line of as much as 12 billion reais ($2.2 billion) from Brazilian deposit insurance fund FGC to keep its operations running while it tries to sell assets, ...
Newsday

Brazil's central bank shuts down $16-billion bank following federal fraud investigation

SAO PAULO — Brazil’s government on Tuesday shut down Banco Master, a bank worth up to $16 billion in assets, following a sprawling federal police fraud investigation. Central Bank executive Fabio ...
Mint

Banco Master CEO Denies $2.4 Billion Fraud as Bank Is Liquidated

(Bloomberg) -- The chief executive officer of Brazil’s failed bank Banco Master SA denied accusations of fraud that led the lender to liquidation last Tuesday, one of the biggest of its kind in the ...
Digital Journal

Banco Master quietly gains recognition in Brazil’s banking sector

In a nation that might love to make a splash, Brazilian businessman Daniel Vorcaro has led with a measured, steady approach. Photo courtesy Daniel Vorcaro/Banco Master Photo courtesy Daniel ...