Thiago Miranda targeted in Brazil’s Operation Compliance Zero
On 9 July 2026 the Federal Police launched the 10th phase of Operation Compliance Zero, a criminal investigation authorized by Supreme Court Justice André Mendonça. The operation focused on publicist and entrepreneur Thiago Miranda, a former partner of journalist Léo Dias who was hired by ex‑banker Daniel Vorcaro, founder of the now‑liquidated Banco Master.
Investigators allege Miranda coordinated a “Projeto DV” that hired digital influencers – contracts worth up to R$ 2 million – to defend Banco Master and launch a disinformation campaign against the Central Bank of Brazil. The scheme allegedly also involved intimidation of journalists and illegal collection of personal and financial data on targets such as journalist Malu Gaspar, journalist Consuelo Dieguez, and Itaú CEO Milton Maluhy Filho.
Searches at Miranda’s Brasília residence seized computers, phones, documents, accounting records, cash and other evidence. The judge described the group as having “considerable degree of danger” and likened it to a “mafia disguised as a bank.” Miranda’s defence denies any wrongdoing and states he is cooperating with authorities.