# Daniel Vorcaro and Banco Master scandal

> Live situation record from CLSTR: https://clstr.news/situations/daniel-vorcaro-and-banco-master-scandal
> Updated: 2026-09-18T23:13:00.000Z. Sources: 28. Developments: 2.

The legal and political controversies surrounding Daniel Vorcaro, former president of Banco Master, have become a significant factor in the Brazilian public agenda. Vorcaro faces allegations of corruption, money laundering, and billion-dollar fraud following the liquidation of Banco Master by the Central Bank.

Investigations by the Federal Police have uncovered specific details regarding a photograph found on Vorcaro’s mobile phone depicting him with the Prosecutor General of the Republic, Paulo Gonet, in London. The image shows Gonet holding a cigar at a table with whiskey glasses. Investigation records indicate the photo was sent to Vorcaro on June 19, 2025, by lawyer Ciro Soares, accompanied by the message ‘PG me mandou’ (PG sent it), with the initials referring to Gonet. The photograph itself was reportedly taken in April 2024 at the George Club in Mayfair during a legal event attended by various authorities.

Gonet has denied having any friendship or close ties with Vorcaro, characterizing allegations of an improper relationship as ‘baseless’ and ‘absurd’. He clarified that his only in-person encounter with the banker occurred in April 2024 during a public legal event in London and described a brief telephone contact in March 2025 as a ‘banal interaction’ requested by Ciro Soares.

As the Superior Council of the Federal Public Ministry analyzes messages extracted from Vorcaro’s device, Supreme Court Minister André Mendonça, overseeing the Compliance Zero operation, noted that no immediate illegality has been found regarding Gonet. The analysis of approximately 500 GB of data extracted from Vorcaro’s phone remains under restricted access within the Supreme Federal Court.

## Claims

- Lawyer Ciro Soares sent the image to Vorcaro on June 19, 2025, with the message ‘PG me mandou’. (corroborated by 13 sources)
- The Federal Police found a photograph on the phone of Daniel Vorcaro, founder of Banco Master. (corroborated by 8 sources)
- The photograph shows Prosecutor General Paulo Gonet with a cigar and whiskey glasses on a table in London. (corroborated by 8 sources)
- Paulo Gonet denied having any friendship or close relationship with Daniel Vorcaro. (corroborated by 7 sources)
- The meeting in London took place in April 2024 during a public legal event with other authorities. (corroborated by 6 sources)
- Gonet stated he has no personal interest in the legal processes involving Vorcaro. (corroborated by 4 sources)
- A brief telephone contact occurred on March 15, 2025, at the request of Ciro Soares. (corroborated by 2 sources)

## Timeline

### 2026-09-18: Paulo Gonet: Prosecutor General linked to Banco Master founder in London photo

Federal Police found a photo of Prosecutor General Paulo Gonet with Banco Master founder Daniel Vorcaro in London. Gonet denies any close friendship or improper relationship with the banker.

26 sources. https://clstr.news/cluster/paulo-gonet-denies-close-ties-to-daniel-vorcaro-after-london-photo-surfaces

### 2026-09-16: Daniel Vorcaro lookalike sought by political campaign in São Paulo

A political campaign in São Paulo is seeking a lookalike of former Banco Master president Daniel Vorcaro for a street action amid ongoing investigations into his alleged financial crimes.

3 sources. https://clstr.news/cluster/daniel-vorcaro-lookalike-sought-by-political-campaign-in-so-paulo

---
Cite as: Daniel Vorcaro and Banco Master scandal. CLSTR, https://clstr.news/situations/daniel-vorcaro-and-banco-master-scandal