Arrested Brazilian banker revealed as owner of $85M Bay Point estate in Miami: sources

The Brazilian banker who was arrested last week as part of what authorities allege is a multibillion-dollar fraud is the owner of a waterfront estate in Miami, and linked to other properties in South Florida, The Real Deal has learned.  Banco Master’s CEO and majority shareholder, Daniel Vorcaro, is the true owner of the 20,500-square-foot mansion at 4445 and 4425 Sabal Palm Road in Miami’s gated Bay Point neighborhood, as well as the non-waterfront house across the street at 4430 Sabal Palm Road, sources told TRD. Goldbeach Properties LLC paid $85.2 million for the waterfront estate in January. A month […]This article originally appeared on The Real Deal. Click here to read the full story.