Daniel Vorcaro, the jailed banker who is a threat to Brazil’s rich and powerful, clings to his secrets for now
The founder of Banco Master is accused of a multimillion-dollar fraud. A second attempt to strike a plea deal has been rejected because he did not name accomplices or provide conclusive evidence
The banker most feared by the Bolsonaros and other power brokers in Brasília is looking for ways to fill the hours of the day, which in a prison cell always feel longer than in freedom. The routine of recent weeks—meetings from nine to five with his lawyers—has ended. Together they had mapped out a bargaining strategy with the Federal Police and the Prosecutor’s Office for what in Brazil is called a delação premiada. That is, a broad, detailed confession that names accomplices and hands over evidence in exchange for a reduced sentence. But in recent days both institutions have rejected the second attempt at a confession by Daniel Vorcaro, the owner of Banco Master, which the authorities liquidated months ago.