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Banker Vorcaro hit by new allegations in Brazil

Original: vorcaro

Brazilian banker Daniel Vorcaro, owner of Banco Master, is facing fresh damaging reports. One news outlet alleges he financed a prostitution network and recruited refugee women for parties. Separately, leaked audio shows a lawyer pressing Vorcaro to have former finance minister Guido Mantega defend Banco Master in a meeting with former president Lula. The stories have drawn wide attention in Brazil.

Why now: New allegations and leaked audios have intensified scrutiny of the embattled Banco Master owner amid the bank's ongoing regulatory and financial troubles.

Daniel VorcaroBanco MasterLulaGuido MantegaBrazil

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