Investigations Intensify

The most likely path is that prosecutors, the Polícia Federal, or Banco Central do Brasil seek documents on payments from Daniel Vorcaro or Banco Master-linked entities to DCM. The existing sequence of allegations, meeting logs, and claims of paid silence gives investigators a concrete paper trail to test.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.