Vorcaro Defense Denies Fraud in $12B Master-BRB Portfolio Deal, Seeks Release

Former banker Daniel Vorcaro's defense denies fraud in the $12 billion portfolio purchase between Master and BRB, asserting the transactions were lawful and caused no loss. Vorcaro remains detained since March; the defense requests dismissal of the investigation and his release. The case centers on alleged irregularities in a major financial transaction, with the defense challenging the basis of the probe.