PF says Daniel Vorcaro’s parallel cash pool reached R$ 114.6 million in planes, real estate and art

Brazil’s Federal Police says Banco Master banker Daniel Vorcaro was running a parallel cash pool that covered private jets, luxury real estate and art galleries, with expenses reaching R$ 114.6 million between March and August 2025. For high-risk payment providers, the useful part is not the tabloid texture; it is the payment pattern: high-value outflows, multiple asset classes, and corporate entities used as conduits.

1. According to intelligence reports cited by the Federal Police, Vorcaro received accounting spreadsheets showing spending on private aircraft, properties and art galleries that totaled up to R$ 114.6 million over five months in 2025. The documents were sent to him by his brother-in-law Fabiano Zettel and Ana Claudia de Paiva, whom the PF describes as “financial operators” for the Banco Master owner.
2. The spreadsheets also mention monthly transfers of R$ 1 million to “Sicário,” the nickname Vorcaro gave to Luiz Phillipi Machado de Morão, described as a kind of fixer for the banker. The PF says Morão belonged to a group called “A Turma,” which allegedly acted as a private militia responsible for monitoring and intimidating Vorcaro’s enemies.
3. Vorcaro’s messages reportedly instructed that Morão be paid consistently, including phrases such as “faz 1 mm Sicário” and “Colocar sicário na lista 1 mm (milhão) todo dia 8.” The documents also show Zettel complaining that “Sicário está mais chato,” while Vorcaro still ordered that his “longa manus” continue to be paid.
4. Beyond the nickname and the cash instructions, the accounting files cite payments to two art galleries in São Paulo totaling R$ 29.8 million, plus “despesas de aeronaves” of R$ 11.8 million. The PF is examining whether art purchases were used to launder money and whether jet travel was used to pay favors to politicians.
5. The accounting documents refer to expenses in March, April, June, July and August 2025. Part of the parallel cash flow reportedly moved through Super Empreendimentos SA, where Zettel and Ana Cláudia were directors. The PF says the company was a key piece in the fund network used to divert money from the frauds committed by Master, and that the group also invested in luxury real estate across Brazil, including a R$ 36 million mansion in Lago Sul, Brasília.