On screen, the American actor Jim Caviezel plays former president Jair Bolsonaro in "Dark Horse", a biopic produced by Go Up Entertainment. Off screen, according to Brazil's Federal Police, the money meant to finance the film took an unusual route: it left the orbit of the owner of Banco Master, moved through a Brazilian company now in liquidation and a fund based in Texas, and returned to the producer in installments.
That route brought the country's federal prosecution service, the PGR (Procuradoria-Geral da República), to Antônio Carlos Freixo Júnior, known as Mineiro, owner of Entre Investimentos e Participações. This week the PGR sent his proposed plea-bargain agreement, known in Brazil as a delação premiada, to the Supreme Federal Court (STF), after investigators identified him as an intermediary in transfers intended for the production. The filing sits with Justice André Mendonça, who reports on the case and must decide whether to endorse it, with no deadline to respond. The news was reported by g1, Folha de S.Paulo and CNN Brasil; according to Folha, the daily O Globo broke the story first.
Who is Mineiro
Investigators quoted by g1 say Freixo Júnior's company served as a go-between for money destined to the film, and that part of his job was finding hard currency to enable cash payments. Folha reports that, in the reading of the Federal Police, Entre worked as an operational arm of the banker Daniel Vorcaro, owner of Banco Master, helping move resources he decided on. Close to Vorcaro, Mineiro was targeted by a search and seizure in January, in the second phase of Operation Compliance Zero, which investigates fraud at the bank. Entre belongs to the Entrepay group, which the Central Bank placed in extrajudicial liquidation in March.
The money trail
Financial intelligence reports from Coaf, Brazil's financial intelligence council, cited by g1, show that Entre received R$ 159.2 million from funds under Federal Police investigation in the Master case. Most of it, R$ 139.2 million, came from Sefer Investimentos, and another R$ 20 million from the Gold Style fund, run by Reag, a manager that moved nearly R$ 1 billion for companies the police name as part of a PCC money laundering scheme. How much of that reached the film is still unknown. The financing agreement provided for R$ 124 million in total, of which Vorcaro has paid R$ 61 million in six transfers first reported by The Intercept Brasil in May, two of US$ 2 million and four of US$ 1.6 million. This week the press revealed an additional US$ 1.6 million payment in September 2025, days after Senator Flávio Bolsonaro (PL-RJ), now a presidential candidate, pressed for overdue installments.
From Brazil, the money went to the Havengate Development Fund in Texas, which held it and paid it out to Go Up Entertainment. Among the fund's administrators is Paulo Calixto, a lawyer for former congressman Eduardo Bolsonaro. According to CNN Brasil, Mineiro's cooperation is the first involving the Dark Horse case and the second tied to the Master fraud, after that of João Carlos Mansur, the former owner of Reag, signed the same day and also sent to Mendonça. Investigators are looking at whether the film's financing broke rules and whether all of Vorcaro's money actually reached the production. Folha and CNN report that authorities suspect part of it may have gone to Eduardo Bolsonaro, who has lived in the United States since February of last year and denies receiving transfers.
The film's installments were negotiated by Flávio Bolsonaro, CNN Brasil reports. As the justice weighs whether to endorse both agreements, "Dark Horse" sits at the center of a case that runs straight through the presidential campaign. On screen, Caviezel plays the former president; in the files now at the court, the question is who paid for that portrait, and how.