Brazil’s media reveal that Flavio Bolsonaro’s law firm issued three invoices for “legal advisory services” to companies linked to Daniel Vorcaro, the jailed former owner of Master Bank responsible for a 47 billion real fraud.
New evidence emerged this July 23 linking Brazilian far-right presidential candidate Flavio Bolsonaro to Daniel Vorcaro, the former owner of Master Bank and central figure in the worst banking scandal in the country’s recent history. Vorcaro remains in custody for leading a massive corruption network that collapsed the financial institution.
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Brazilian media revealed this week that Bolsonaro’s law firm issued three invoices for “legal advisory services” to two companies managed by an entrepreneur who operated with Master Bank. Each invoice amounted to 500,000 reais (approximately 100,000 dollars), though two of them were canceled. The candidate claimed the single paid invoice was legally issued. These revelations add significant pressure to a campaign already struggling under multiple corruption allegations.
The new findings compound previous reports that Flavio Bolsonaro received nearly 11 million dollars to finance “Dark Horse”, a biographical film about his father, former President Jair Bolsonaro, who has been under house arrest since March 2026. According to The Intercept Brazil, at least 10.6 million dollars were paid in six transactions between February and March 2025.
Flávio Bolsonaro recebeu R$ 500 mil de diretor de empresa do esquema do Banco Master > https://t.co/I0dAKmtZeR
Senador e pré-candidato à Presidência da República afirma que prestou serviços advocatícios, sem detalhar quais foram pic.twitter.com/fQES4vlciZ
— Estadão
(@Estadao) July 22, 2026
Text reads: “Flávio Bolsonaro received R$ 500 thousand as a company director from the Master Bank scheme. Senator and candidate for the Presidency of the Republic states that he provided legal services, without detailing.”
Published documentation includes bank receipts and leaked audio recordings in which Flavio Bolsonaro calls Vorcaro “brother” and requests him to accelerate transfers and send over 12 million dollars to avoid jeopardizing the film’s production. The movie, directed by Cyrus Nowrasteh and starring Jim Caviezel, is scheduled for release in September 2026, just weeks before the October presidential elections.
Campaign Finance Under Fire
Vorcaro initially committed to contributing 24 million dollars to the project in negotiations that also involved Eduardo Bolsonaro, the candidate’s brother, and congressman Mario Frias. However, disbursements were never completed because Vorcaro was arrested at the end of 2025 as he attempted to flee the country. He had falsified data and left a 47 billion real deficit (over 9.3 billion dollars) in the Credit Guarantee Fund.
Master Bank was subsequently liquidated, and the Federal Police are investigating Vorcaro through Operation Zero Compliance for financial crimes, corruption, money laundering, threats, and system intrusion. The case has severely damaged Flávio Bolsonaro’s presidential campaign, which faces mounting negative publicity just months before the election.
In response to the political fallout, anonymous allies of Flávio Bolsonaro suggested that Vorcaro also financed a documentary about current President Luiz Inácio Lula da Silva, in an attempt to relativize the banker’s exclusive ties to the Bolsonaro family. However, filmmaker Oliver Stone, the documentary’s producers, and Sidônio Palmeira, head of the Social Communication Secretariat, categorically denied receiving any funds or sponsorships from Master Bank. They announced they are reserving the right to pursue legal action against these false claims.
In May, trying to divert attention from his sinking campaign, Flávio Bolsonaro traveled to Washington with his brother Eduardo and congressman Paulo Figueiredo for an off-agenda informal meeting with former U.S. President Donald Trump. The trip failed to shift media focus away from the corruption allegations now dominating the Brazilian political landscape ahead of the October 2026 presidential elections.
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