Finance
Vorcaro Reaches Cooperation Deal That Expands Banco Master Probe
Daniel Vorcaro, chief executive officer of Banco Master, in Sao Paulo.
Photographer: Victor Moriyama/Bloomberg
Daniel Vorcaro, the Brazilian banker at the center of a probe into alleged fraud at failed Banco Master SA, has reached a cooperation agreement with federal authorities that is expected to significantly expand the scope of the investigation, according to a person familiar with the matter.