Whoever says I received money from Vorcaro is a liar
Eduardo initially denied any management role in the Dark Horse film, claiming he only licensed his image rights, but reversed course within 24 hours after investigative reporting exposed his executive producer contract. Senator Flávio Bolsonaro negotiated approximately R$134 million in financing from Vorcaro, a banker now imprisoned for alleged fraud, with documented audio recordings showing direct pressure for payment releases.
- Eduardo Bolsonaro reversed his denial and admitted signing an executive producer contract for Dark Horse within 24 hours of The Intercept's report
- Senator Flávio Bolsonaro negotiated approximately R$134 million in financing from imprisoned banker Daniel Vorcaro, with at least R$61 million released between February and May 2025
- Audio recordings show Flávio directly pressuring Vorcaro for payment in September 2025, calling him 'brother' and citing mounting production debts
- Federal Police are investigating whether Vorcaro's funds were diverted to cover Eduardo's living expenses in the United States rather than film production
Eduardo Bolsonaro reversed his denial and admitted signing a financial management contract for a biographical film about his father, days after The Intercept revealed his executive producer role involving alleged dealings with imprisoned banker Daniel Vorcaro.
Eduardo Bolsonaro changed his story on Friday. Less than twenty-four hours after denying any management role in a biographical film about his father, the former federal deputy admitted he had signed a contract granting him financial control over the project. The reversal came after The Intercept Brasil published documents showing he served as executive producer alongside fellow congressman Mario Frias, with authority over budgeting decisions, investor relations, and resource identification for the film titled Dark Horse.
In a video posted to social media, Eduardo explained the contract dated back years, to when the film "was still a dream." He said he had converted 350,000 reais into roughly 50,000 dollars and sent the money to the United States to secure a Hollywood director and get the screenplay started. The production company, he claimed, made him executive producer as compensation for bearing the financial risk. Once actual investors materialized and the project moved entirely offshore, he stepped away from the role and received his money back. "Whoever says Eduardo Bolsonaro received money from Daniel Vorcaro is a liar," he stated flatly. "Whoever says I received money from that fund created in the US is lying. I got my money back because of the contract with the producer, but that didn't go through the fund."
His brother Flávio, a senator and presidential hopeful, echoed the defense in a CNN interview, calling the contract "old" and describing it as the legal mechanism Eduardo used to hold the screenwriter in place before serious financing materialized. But Mario Frias, the other executive producer named in the documents, issued a statement denying Eduardo had ever held that title at all—a contradiction that underscored the shifting explanations surrounding the project.
The film scandal had erupted two days earlier when The Intercept published an audio recording of Flávio soliciting financial support from Daniel Vorcaro, a banker now imprisoned on charges of orchestrating massive fraud at Banco Master. According to the reporting, Vorcaro committed to transferring 24 million dollars—roughly 134 million reais at the time—to fund the production. Between February and May of 2025, at least 61 million reais had actually been released across six transactions. When payments stalled, Flávio sent Vorcaro an audio message in September, calling him "brother" and describing the moment as one of the most difficult of their lives. He detailed the pressure mounting on set, the risk of defaulting on commitments to renowned actors like Jim Caviezel and director Cyrus Nowrasteh, and the need for immediate funds to cover mounting bills. "If you can give me a heads up, a position here Daniel, because we need to know what to do with our lives," Flávio said in the recording. "There are a lot of bills to pay this month and next month too."
The relationship between the senator and the banker had been brokered by Thiago Miranda, a publicist and founder of the Portal LeoDias entertainment website, who arranged their first meeting in Brasilia on December 11, 2024. From there, the contact evolved into direct communication between Flávio and Vorcaro, with messages and calls documenting a deepening familiarity. In one November message, Flávio wrote: "Brother, I am and will always be with you. There's no half-talk between us. I just need you to give me some light." The Federal Police are now investigating whether funds from Vorcaro were diverted to cover Eduardo's living expenses in the United States, where he relocated in February 2024. Both brothers deny this occurred.
Flávio's explanations shifted repeatedly. When first confronted by The Intercept hours before publication, he denied any relationship with Vorcaro entirely. By afternoon, he admitted the financing arrangement but insisted it was purely private and involved no public money or government intermediation. Later, in an interview with Globo News, he claimed a confidentiality agreement had prevented him from discussing the relationship earlier. Then, speaking to CNN, he suggested additional recordings or meetings might surface but insisted they would all relate solely to the film. The production company Go Up Entertainment, based in the United States, denied receiving any money from Vorcaro, stating it relied only on foreign investment unconnected to the banker.
The revelations have fractured the conservative political coalition. Economist Rodrigo Constantino wrote on social media that if the audio was authentic, Flávio's presidential prospects were finished. Senator Ricardo Salles, a former environment minister under Jair Bolsonaro, began publicly backing Romeu Zema, the ex-governor of Minas Gerais who had been discussed as a potential running mate for Flávio. Zema himself released a video calling the audio "a slap in the face of decent Brazilians" and saying it was unforgivable to hear Flávio demanding money from Vorcaro while criticizing similar practices by the left. Political scientists quoted by the BBC assessed that the scandal could interrupt Flávio's momentum in the polls and deepen internal divisions on the right, though the full electoral impact remains uncertain. Meanwhile, allies of President Luiz Inácio Lula da Silva seized on the revelations, with some calling for Flávio's arrest and others mocking the family's apparent financial desperation masked as filmmaking.
Citações Notáveis
I took 350,000 reais and converted it to about 50,000 dollars and sent it to the United States to guarantee a contract with a Hollywood director so he could write the screenplay and sketch out this story that, if we could get an investor or group of investors, we could make the film happen.— Eduardo Bolsonaro, in a video posted to social media
Brother, I am and will always be with you. There's no half-talk between us. I just need you to give me some light.— Senator Flávio Bolsonaro, in a message to Daniel Vorcaro in November 2025
A Conversa do Hearth Outra perspectiva sobre a história
Why did Eduardo wait so long to admit he signed the contract? It seems like a straightforward fact.
Because the initial story—that he only licensed his image—was easier to defend. Once the documents were public, denial became impossible. The contract showed real financial authority, not just image rights.
And the money he claims he put in—the fifty thousand dollars—where did that come from?
From his own political organization, Ação Conservadora. He converted Brazilian reais to dollars and sent it to secure a director. It's the one part of his account that seems consistent across his explanations.
But if he got the money back, why does it matter that he signed the contract in the first place?
Because the contract gave him decision-making power over the film's finances and strategy. That's not the same as just lending money. It's a different kind of involvement, and it contradicts what he initially claimed.
What about Flávio's audio to Vorcaro? That seems like the real problem.
Yes. The audio shows him directly pressuring a man now accused of massive fraud for 134 million reais. He's calling him "brother," expressing intimacy, while the Federal Police investigate whether that money ended up funding Eduardo's life in America instead of the film.
Did Vorcaro actually give the money to the film, or did it disappear?
That's what the police are trying to determine. The production company says it received no money from Vorcaro. Flávio says some was paid. The truth is still unclear, and that uncertainty is what's damaging.
What happens to Flávio's presidential campaign now?
It's in real trouble. Conservative allies are backing away. If more recordings surface, the damage compounds. Right now, people are watching to see if this is an isolated incident or the beginning of something larger.