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Rio Times

BusinessRio Times·Aug 31, 2026·1 min read

Inside Brazil’s Biggest-Ever Bank Fraud: The Banco Master Scandal

Brazil: Banco Master Scandal Key Facts —Scale. The Central Bank ordered Banco Master’s extrajudicial liquidation on November 18, 2025. Around 1.6 million creditors held roughly R$41 billion in FGC-guaranteed instruments at Master alone…

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