Borrowed Logins, a Church Account and Six Bank Directors: What the Vorcaro Files Show
BRAZIL · INVESTIGATION
Key Facts
- —The logins Police say people around Daniel Vorcaro used civil servants’ credentials to read sealed federal prosecution files.
- —The message Shown results of a search on two banks, Vorcaro replied: “Quero tudo. Atenção total.”
- —The church A parish expected to take about 950,000 reais a year moved 57.1 million, roughly US$11.2 million, in twelve months.
- —The bank Police name six former directors of Brasília’s state bank over 25 purchases worth US$3.4 billion.
- —The catch In 22 deals worth 7.63 billion reais, about US$1.5 billion, the opinions came after payment.
- —The response Lagoinha Global says it repudiates any illicit practice. BRB, Vorcaro and the former chief executive have not answered the report.
A church with under a million reais of expected annual income moved 57 million. A state bank’s former directors approved 25 portfolio purchases police now call fraudulent management.
Brazil’s Supreme Court opened the Daniel Vorcaro case files this week. On Friday the country’s newsrooms published what was inside.
Three findings dominated. Borrowed logins, a church bank account and six former directors of a state-owned bank.
None of it is fresh evidence. All of it had been sitting under seal while the court argued about whether to open the drawer.
The Logins
Correio Braziliense reported on Friday that the unsealed documents show a pattern of system access. People linked to Vorcaro used civil servants’ credentials to enter restricted federal prosecution systems.
The paper described the use as recurrent. The systems belong to the Ministério Público Federal, the federal prosecution service.
Folhapress published the messages behind it. A search covering the two banks was shared in a chat.
Vorcaro’s reply was: “Quero tudo. Atenção total.” That is, everything, and full attention.
Asked which documents he wanted, he answered: “Todos, obviamente.” Another participant called his own access to those systems total and unlimited.
Poder360 published further excerpts. One query on Vorcaro’s tax number, logged under a civil servant’s login, returned fifteen procedures, eleven of them confidential.
One thing is not established. Times Brasil reported that police cannot yet say how the accounts were used.
Three possibilities remain open. The civil servants used the accounts themselves, they shared their credentials, or someone else used them without their knowledge.
The Church Account
The second finding came from Folhapress. It concerns an account held by a Baptist church in Belvedere, an affluent district of Belo Horizonte.
Brazil’s financial intelligence unit, COAF, classified the movement as atypical. The report went to federal police in February 2026.
The comparison is what makes it striking. The parish was expected to take about 950,000 reais a year, some US$187,000.
Through the account in the twelve months to 8 December 2025 went 57.1 million reais, about US$11.2 million. Credits and debits were almost equal.
Folhapress reported that the unit is managed by Fabiano Zettel, a brother-in-law of Vorcaro. It counted 26 deposits by him totalling 19.2 million reais, roughly US$3.8 million.
Four transfers came from the banker’s father, Henrique Vorcaro, and totalled 120,000 reais, about US$24,000. The Belvedere congregation closed in March 2026.
What the Church Says
Lagoinha Global responded to the reporting. It said the information it received was that the money concerned investment in building works and improvements.
Those works, it said, happened and were visible. It added that it learned the full scope only through the investigation.
The organisation said it repudiates any illicit practice. It called for rigorous verification by the competent authorities and restated a commitment to transparency and legality.
Zettel’s lawyers declined to comment. An atypical flag is a reporting trigger, not a finding.
The Six Directors
The third finding is the heaviest. Federal police concluded that six former directors of BRB, the bank owned by the Federal District government, committed fraudulent management.
The conduct concerns purchases of credit portfolios from Vorcaro’s bank. Metrópoles reported that 25 such operations were approved by the collegiate board.
Those 25 purchases total 17.5 billion reais, about US$3.4 billion. Police examined a wider set of operations worth 47.8 billion reais, or roughly US$9.4 billion.
One detail carries the argument. In 22 deals worth 7.63 billion reais, some US$1.5 billion, the technical opinions were issued after payment had already been made.
That is the sequence police call fraudulent. The paperwork justifying a purchase arrived after the purchase.
One of the six is the former chief executive, Paulo Henrique Costa. The other five ran finance, control and risk, wholesale and government, technology and human resources.
The legal director was expressly left out. Police said he had no voting rights in the minutes examined and could not be individualised as an approver.
Costa was arrested on 16 April 2026 on an order from Justice André Mendonça. The Supreme Court unanimously upheld the detention that month.
Why a State Bank Was Buying
BRB is a commercial bank controlled by a regional government. Its balance sheet is small next to the portfolios it was acquiring.
The bank had agreed to buy Banco Master outright. The central bank rejected the application on 3 September 2025, and BRB withdrew.
Two months later the regulator went further. It decreed the extrajudicial liquidation of Banco Master on 18 November 2025.
The portfolios stayed where they were. That is the exposure police are now valuing at 17.5 billion reais, about US$3.4 billion.
What This Changes
The three Vorcaro strands answer a question the court fight had obscured. People wanted to know why the sealing mattered so much.
It mattered because the files name a state bank, a church and the prosecution service’s own systems. Each of those has to keep working on Monday.
BRB, Vorcaro and Costa had not responded to the police report as of Friday night. Silence at this stage is not a concession.
The court sits on Tuesday to decide a narrower question. Whatever it rules, the material is already out, and so are the names in it.
More: Brazil news in English, every day from The Rio Times.
Frequently Asked Questions
What is BRB?
BRB, or Banco de Brasília, is a listed commercial bank controlled by the government of Brazil’s Federal District. It operates mainly in and around Brasília.
What does ‘fraudulent management’ mean in Brazilian law?
Gestão fraudulenta is an offence under Brazil’s financial crimes law of 1986, aimed at executives who run a financial institution through deception. It carries three to twelve years, against two to eight for reckless management.
What is COAF?
COAF is Brazil’s financial intelligence unit. Banks report unusual transactions to it, and it forwards the ones it considers atypical to police and prosecutors.
Does an atypical flag mean a crime?
No. It means the volume or pattern did not match the account’s expected profile, which triggers a report. Establishing where the money came from is a separate step.
Sources: Correio Braziliense, Folhapress, Poder360, Metrópoles, G1, Times Brasil, Agência Brasil, Reuters, Banco Central do Brasil, Jornal de Brasília.
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error
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