Daniel Vorcaro

Daniel Bueno Vorcaro (born 6 October 1983) is a Brazilian former banker and businessman. He is involved in numerous frauds in the financial, real estate, healthcare, and retail sectors. He gained prominence as the majority shareholder and president of Banco Master (formerly Banco Máxima), guiding the institution through phases of expansion and investment diversification. Vorcaro's career encompassed investments in companies such as Biomm and Veste S.A. Estilo, participation in the investor group of Clube Atlético Mineiro's Sociedade Anônima do Futebol, and a notable presence in real estate and large-scale ventures operated via Viking Participações.

Vorcaro gained public attention due to his involvement in Federal Police of Brazil investigations into a multi-billion–dollar financial scheme, which led to the extrajudicial liquidation of Banco Master in November 2025, and an estimated R$41 billion loss to the Credit Guarantee Fund (FGC), an amount reported by the fund and the trade press as the highest ever in its history.

Life and career

Early life and career beginnings Daniel Vorcaro was born in Belo Horizonte, Minas Gerais, the son of Henrique Vorcaro, a real estate broker, and grandson of Serafim Vorcaro, an Italian immigrant and Protestant pastor. The family is associated with the Lagoinha Baptist Church. The business was subsequently sold following reports of management conflicts. In partnership with the Conte brothers, he obtained regulatory approval for the transfer of control in 2019, and in 2021, the institution was rebranded as Banco Master. In 2023, he invested in the Football Corporation (SAF) of Clube Atlético Mineiro.

Operational strategy and Banco Master expansion During Vorcaro's management, Banco Master saw significant growth: between 2019 and 2024, its net worth increased from R$200 million to R$4.7 billion, and its credit portfolio grew from R$1.4 billion to R$40 billion. The capital raised was often allocated to funds managed by the bank, which included assets from companies undergoing financial restructuring, such as Oi, Gafisa, Light S.A., CVC Brasil, and Ambipar. Vorcaro initially stated that these credits came from civil servant associations in Bahia.

In December 2024, the then-President of the Central Bank of Brazil, Roberto Campos Neto, called Vorcaro to an emergency meeting, requesting a capital injection to address liquidity concerns. Following this decision, BRB President Paulo Henrique Costa was removed from his position. On 28 November 2025, the Regional Federal Court ordered Vorcaro's release subject to precautionary measures. On 2 December 2025, Supreme Federal Court Minister Dias Toffoli imposed maximum secrecy on Vorcaro's defense request. On 4 March 2026, the Supreme Federal Court ordered Vorcaro's arrest.

Personal life and wealth Vorcaro accumulated considerable wealth. His holdings included private jets through Viking Participações and a property in Trancoso, Bahia, valued at R$280 million. In 2023, he organized a 15th birthday celebration for his daughter in Nova Lima, which included international performers and accommodations for nearby residents in hotels to minimize disturbances. From September 2025, Vorcaro faced significant legal and commercial problems. In March 2026, materials seized from Vorcaro's phone by the Federal Police of Brazil during an investigation revealed a prior personal relationship with Russian model and influencer Maryia Lubimova, who was saved in his contacts list under the name "My Future Wife". Lubimova publicly acknowledged the past personal relationship while stating that she had no involvement in Vorcaro's financial or business activities.