Business · Companies · 2 hrs ago
Businessman alleges fraud in $12.3 million payment to US fund linked to Eduardo Bolsonaro
Businessman Antônio Carlos Freixo Júnior gave his first testimony under a plea deal to Brazil’s Federal Police.
He said a financial operation to pay $12.3 million involved fraud.
The payment was for a US fund linked to Eduardo Bolsonaro.
The account is an allegation made in his testimony.
The available information does not explain how the operation worked or give a response from people linked to the fund.
It does not say what investigators will do next.
Businessman Antônio Carlos Freixo Júnior told Brazil’s Federal Police that he was not told a $12.3 million transfer would help finance Dark Horse, a film about Jair Bolsonaro.
He said the transfer was presented as an investment in a US real-estate fund and that he tried to recover the money after learning its stated purpose.
The money was sent through Entre Investimentos to the Havengate fund, administered by lawyer Paulo Calixto, who is linked to Eduardo Bolsonaro.
The police said documents confirm the amounts and institutions involved but also contain apparent inconsistencies with Freixo Júnior’s account.
Investigators cited an agreement referring to a $24 million commitment and the film, and asked the Supreme Federal Court for 90 more days to examine the case.
- Who
- Antônio Carlos Freixo Júnior told the Federal Police about the transfer. Daniel Vorcaro and Fabiano Zettel were also named in his account.
- What
- Freixo Júnior alleged that he was not told a $12.3 million transfer would finance a film. Police said documents contain apparent contradictions with his account.
- When
- He gave the testimony on October 1. The articles were published on October 17, 2026.
- Where
- The money was transferred from Brazil to the Havengate fund in the United States.
- Why
- Freixo Júnior said the transaction had been presented as an investment in a US real-estate fund; he said he sought to recover the funds after learning their stated purpose.
Freixo Júnior
Federal Police
Disclosure of the film's purpose
Freixo Júnior
He said he was not told the money would finance a film and would not have joined an operation with that reputational risk.
Federal Police
Police cited an agreement addressed to Entre Investimentos that committed to a $24 million contribution and mentioned a film.
Source of the funds
Freixo Júnior
He said the transfers were funded by withdrawals from a Banco Master credit account, asset sales and company cash.
Federal Police
Police said the first transfer was not funded by the sources he described and noted a R$12 million deposit from Super Empreendimentos before it.
Freixo Júnior gave testimony to the Federal Police.
Entre Investimentos received a R$12 million deposit from Super Empreendimentos, according to police.
Freixo Júnior said he requested the full return of the transferred funds and an account of the fund's investments.
Folha and UOL published reports on the testimony and investigation.
- Transfer
- US$12.3 million, about R$62 million
- Film funding planned
- US$24 million, about R$134 million
- Recipient fund
- Havengate, administered by Paulo Calixto
- Company used for transfers
- Entre Investimentos
- Police request
- 90 more days to examine the case
2 sources
What people are saying
em momento algum lhe foi informado que os recursos se destinavam ao financiamento de um filme ou cinebiografia
com esse viés em razão do elevado risco reputacional para seu portfólio de empresas