导致民众普遍失望的因素之一便是班科·马斯特丑闻。这一金融乱象给巴西政坛的左右两派都带来了负面影响。众多商界领袖、政界人士、监管官员及法官均被卷入此案。
One factor in the widespread disillusionment has been the Banco Master scandal. The financial imbroglio has delivered a black eye to both ends of Brazil's political spectrum. A range of business leaders, political figures, regulators and judges have been swept up in the scandal.
班科·马斯特是一家中型银行，过去十年间通过发售高收益定期存单实现了快速扩张。部分存单提供的收益率甚至高达巴西银行间基准利率的140%。然而，该银行实际上并不具备支撑如此高回报率的资产基础。
A mid-sized lender, Banco Master grew aggressively over the last decade by selling high-yield deposit certificates. Some of those certificates offered returns of up to 140 percent relative to Brazil’s benchmark interbank rate. But Banco Master did not have the assets needed to sustain that output.
检方指出，班科·马斯特无力偿还高风险贷款，其现有资产也被转移至空壳账户中。
It lacked the money to pay back its risky loans, and what assets it did have were diverted to shell accounts, according to prosecutors.
2025年，由于资金链严重紧张，巴西央行最终下令对该银行实施清算。
Brazil's Central Bank ultimately liquidated Banco Master in 2025, as the lender faced a major funding squeeze.
其所有者丹尼尔·沃尔卡罗随即被捕，被指控犯下洗钱、欺诈等多项金融罪行。
Its owner, Daniel Vorcaro, was subsequently arrested, accused of an array of financial crimes, including money laundering and fraud.
班科·马斯特的倒闭还引发了巴西信贷担保基金近77亿美元的赔付，这一数额创下了该非营利性保险机构的历史最高赔付纪录。
The collapse of Banco Master triggered a nearly $7.7bn payout from Brazil's Credit Guarantee Fund, the largest disbursement in the nonprofit insurance's history.
调查人员推测，沃尔卡罗通过拉拢巴西精英阶层的权贵人物来为其欺诈计划保驾护航。
Investigators have suggested that Vorcaro protected his fraud scheme by cultivating influence among power brokers among Brazil's elite.
此次丑闻的涉案人员中还包括总统候选人弗拉维奥·博索纳罗参议员。
Among those implicated in the scandal is Senator Flavio Bolsonaro, the presidential candidate.
上个月，巴西最高法院公开文件显示，他正因涉嫌与沃尔卡罗存在腐败及洗钱行为而接受调查。
Last month, the Supreme Court unsealed documents showing he is under investigation for alleged corruption and money laundering in connection with Vorcaro.
此外还有录音资料流传出来，内容似乎显示弗拉维奥·博索纳罗曾向这位身陷囹圄的银行家索要数百万资金，用于资助一部讲述其父亲雅伊尔·博索纳罗生平的电影《暗黑骑士》。
Audio recordings have also surfaced, appearing to show Bolsonaro soliciting the disgraced bank leader for millions in funding. The money was slated as financing for Dark Horse, a film about his imprisoned father, Jair Bolsonaro.
对此，弗拉维奥·博索纳罗坚称自己并无违法之举，并称那次接触只是一次私人层面的赞助洽谈，与班科·马斯特丑闻毫无关联。
Flavio Bolsonaro has denied any wrongdoing. He described the interaction as a private sponsorship opportunity, unrelated to the Banco Master scandal.