Arrested Brazilian banker revealed as owner of $85M Bay Point estate in Miami: sources
The Brazilian banker who was arrested last week as part of what authorities allege is a multibillion-dollar fraud is the owner of a waterfront estate in Miami, and linked to other properties in South Florida, The Real Deal has learned. Banco Master’s CEO and majority shareholder, Daniel Vorcaro, is the true owner of the 20,500-square-foot mansion at 4445 and 4425 Sabal Palm Road in Miami’s gated Bay Point neighborhood, as well as the non-waterfront house across the street at 4430 Sabal Palm Road, sources told TRD. Goldbeach Properties LLC paid $85.2 million for the waterfront estate in January. A month […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Latest billionaire request advances: Miami Beach commission to vote on Ken Griffin’s helipad
“We are #blessed”: South Florida’s top brokers talk Miami luxury living at The Real Deal’s Welcome to the New Miami event
$50M bankruptcy sale in Miami’s Blue Lagoon falls apart as Caroline Weiss hospitalized
Eastwind, TMT pitch multifamily addition to Delray Beach office complex
Palm Beach home listed for $30M tops signed contracts
Prestige buys back Dania Beach apartments for $27M
Miami to sue Miami-Dade County over Allapattah CRA
Megawatt moratorium: Palm Beach County OKs year-long data center pause
Name your price: David Simkins flips waterfront teardown in Miami’s Morningside for $24M
“I love when financing is difficult” Terra’s David Martin talks construction loans, branded condos at The Real Deal’s Salon Series Miami
