The Weekly Dirt: Brazil’s banking scandal reaches Miami
The CEO allegedly at the center of Brazil’s latest banking scandal quietly amassed a portfolio of luxury homes in Miami — reinforcing the familiar truth that there’s always a Florida connection to a major news story. Daniel Vorcaro led and was the largest shareholder of Banco Master, which Brazil’s central bank shut down earlier this month. Brazilian authorities allege the Rio de Janeiro-based bank created fake credit operations that were then sold to Banco de Brasília SA, as part of a multibillion-dollar fraud. Officials arrested Vorcaro on Nov. 18 as part of their investigation into the bank. Vorcaro, who is […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts

Moishe Mana inks $33M in downtown Miami deals in 10 days

DeSantis’ property tax cut faces legal challenge over ballot language

Hollywood proposes upping building heights near historic hotel as coastal cities reevaluate regulations

Kent Security sues developer Michael Stern over unpaid bills

Kimco’s $109M grocery-anchored shopping spree picks up Publix, Walmart centers in Broward

Final member of $6M-plus insurance fraud ring sentenced to nearly 4 years

South Florida’s top deals: Kimco buys Broward shopping centers for $109M

“Reckless”: Lawsuit accuses Madison Realty of negligence and financial mismanagement at downtown Miami condo-hotel tower

Hip hop mogul Rick Ross adds “developer” to resume in Miami Gardens

Florida REIT accused of fraud, spending investor money on jets, jewelry, gun ranges, adult clubs

