A fund linked to lawyer Paulo Calixto purchased a US$ 726,300 (R$ 3.6 million) house in Arlington, Texas — the city where former congressman Eduardo Bolsonaro lives — using financial structures under Federal Police investigation. The Mercury Legacy Trust, which completed the purchase on February 27, is registered at the same address as the Havengate Development Fund, which received at least R$ 61 million from banker Daniel Vorcaro to finance the film "Dark Horse" about Jair Bolsonaro. ✓
Press quotes (2)
"O imóvel foi adquirido em 27 de fevereiro deste ano por US$ 726,3 mil, cerca de R$ 3,6 milhões"
"O site Intercept Brasil revelou que o senador e pré-candidato à Presidência, Flávio Bolsonaro (PL-RJ), cobrou e recebeu mais de US$ 61 milhões do banqueiro Daniel Vorcaro"
The transaction was signed by former National Culture Secretary André Porciúncula, who acts as Mercury Legacy Trust representative. Lawyer Paulo Calixto has maintained residence in Arlington for decades and his US office appears as registered agent for both Mercury and Havengate Development Fund. Banker Daniel Vorcaro, former owner of Banco Master, has been imprisoned since March on suspicion of billion-dollar fraud. ✓
Press quotes (2)
"Porciúncula, que já foi sócio de Eduardo Bolsonaro numa empresa em Arlington, é quem assina o negócio como representante da Mercury Legacy Trust"
"Documentos obtidos pelo GLOBO mostram que Calixto manteve por décadas residência em Arlington"
Meanwhile, investigations by São Paulo's Public Ministry revealed that the NGO Instituto Conhecer Brasil — linked to the film's production company and businesswoman Karina Ferreira Gama — issued invoices of R$ 702,800 and R$ 568,500 to its own CNPJ. The NGO maintains a R$ 108 million contract with São Paulo City Hall for public Wi-Fi installation, raising suspicions about possible triangulation of public resources for film financing. ✓
Press quotes (2)
"O vereador Nabil Bonduki (PT-SP) revelou que a ONG ligada à produtora do filme "Dark Horse", sobre Jair Bolsonaro, emitia notas fiscais para si própria dentro de um contrato de R$ 108 milhões firmado com a Prefeitura de São Paulo"
"são duas notas fiscais emitidas pela ONG direcionadas ao seu próprio CNPJ, nos valores exatos de R$ 702.800,00 e R$ 568.572,97"
The Federal Police is investigating whether resources requested by Senator Flávio Bolsonaro from Daniel Vorcaro were used to cover Eduardo Bolsonaro's expenses in the United States. Eduardo Bolsonaro denied on social media having been benefited by fund resources, while Flávio Bolsonaro stated there is "absolutely nothing wrong" with the film's financing. ✓
Press quotes (2)
"As transações realizadas por Calixto devem entrar na mira da Polícia Federal, que vai investigar se o banqueiro Daniel Vorcaro, a pedido de Flávio Bolsonaro, destinou recursos para financiar a investida de Eduardo Bolsonaro"
"O senador e pré-candidato à Presidência da República Flávio Bolsonaro (PL-RJ) afirmou na noite deste sábado (16.mai.2026) que "não há absolutamente nada de errado" no financiamento do filme"
Mercury Legacy Trust and Havengate Development Fund share the same address in Dallas, Texas
André Porciúncula was Secretary of Culture Development in the Bolsonaro government and signed the property purchase
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
Instituto Conhecer Brasil and Go Up Entertainment operate from the same address on Avenida Paulista
Entre Investimentos e Participações received R$ 160 million from funds linked to Banco Master
Conflicting versions (1)
Amounts transferred by Daniel Vorcaro for the film
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What is the formal financial relationship between Mercury Legacy Trust and Havengate Development Fund?
Why it's still unknown: Documents obtained by the press show no formal corporate link between the funds, despite sharing address and registered agent
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How much of the R$ 61 million from Vorcaro actually reached the film producers?
Why it's still unknown: There are discrepancies in reports about transferred amounts - O Globo reports US$ 2 million to Havengate, while other sources cite US$ 61 million received by Flávio Bolsonaro
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How were the R$ 108 million from São Paulo City Hall's Wi-Fi contract used?
Why it's still unknown: São Paulo Public Ministry is investigating under seal but has not yet released conclusions about possible diversion of resources to the film
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Who is Juliana Lima de Andrade, co-manager of Mercury Legacy Trust?
Why it's still unknown: Name appears in property purchase documents but was not found by reporters for comment