Supreme Court closes ranks as Master CEO eyes a plea deal

As soon as the Federal Police arrested Daniel Vorcaro, the disgraced CEO of Banco Master, and placed him in a federal penitentiary, the political world speculated when — not if — he would seek a plea agreement. After a Supreme Court panel last week reached a majority to keep him in custody, the wheels are starting to move: Vorcaro has initiated plea negotiations.

Banco Master was a mid-sized lender liquidated in November 2025 after the discovery of widespread fraud. But the case reaches far beyond a banking scandal. The bank and its CEO are suspected of having illicit ties with public figures and connections to funds believed to be money-laundering fronts for organized crime.