Daniel Vorcaro

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Brazil central bank liquidates two asset managers tied to failed Banco Master

As of September 2026: Subject of Compliance Zero investigation

Brazil's central bank ordered the extrajudicial liquidation of two asset-management firms on September 3, 2026, citing 'serious violations' of financial rules. Trustee DTVM and Banvox DTVM are tied to failed Banco Master SA and its alleged orchestrator, Daniel Vorcaro.

Updated Sep 4