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Edemar Cid Ferreira
Edemar Cid Ferreira (31 May 1943 – 13 January 2024) was a Brazilian economist, banker, and art collector. He was the founder and head of Banco Santos, which went bankrupt in September 2005. Ferreira was convicted in Brazil of bank fraud, tax evasion, and money laundering. He began serving 21-year prison sentence in December 2006. As part of the case, a judge ordered the search, seizure and confiscation of assets that were acquired with illegally obtained funds from Banco Santos. Ferreira assembled a 12,000-piece art collection while he controlled Banco Santos. Before his arrest, he smuggled his collection out of Brazil. The United States government seized items from a storage facility in New York that did not comply with customs laws. They returned Basquiat's ''Hannibal'' painting, a Roy Lichtenstein, a painting by Joaquín Torres-García, a Serge Poliakoff Serge Poliakoff (January 8, 1900 – October 12, 1969) was a Russian-born French modernist painter belonging to the 'Ne ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Bank Fraud
Bank fraud is the use of potentially illegal means to obtain money, assets, or other property owned or held by a financial institution, or to obtain money from depositors by fraudulently posing as a bank or other financial institution. In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime. Types of bank fraud Accounting fraud In order to hide serious financial problems, some businesses have been known to use fraudulent bookkeeping to overstate sales and income, inflate the worth of the company's assets, or state a profit when the company is operating at a loss. These tampered records are then used to seek investment in the company's bond or security issues or to make fraudulent loan applications in a final ...
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Tax Evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they desc ...
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Money Laundering
Money laundering is the process of concealing the origin of money, obtained from illicit activities such as drug trafficking, corruption, embezzlement or gambling, by converting it into a legitimate source. It is a crime in many jurisdictions with varying definitions. It is usually a key operation of organized crime. In US law, money laundering is the practice of engaging in financial transactions to conceal the identity, source, or destination of illegally gained money. In UK law the common law definition is wider. The act is defined as "taking any action with property of any form which is either wholly or in part the proceeds of a crime that will disguise the fact that that property is the proceeds of a crime or obscure the beneficial ownership of said property". In the past, the term "money laundering" was applied only to financial transactions related to organized crime. Today its definition is often expanded by government and international regulators such as the US Offic ...
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Hannibal (1982 Painting)
''Hannibal'' is a painting created by American artist Jean-Michel Basquiat in 1982. The artwork, which features his signature skull and crown motifs, was sold at Sotheby's for $13.1 million in October 2016. History Jean-Michel Basquiat executed ''Hannibal'' in 1982, a breakout year in his meteoric career. He had his first American one-man show at the Annina Nosei, Annina Nosei Gallery and he became the youngest artist to have ever participate in ''documenta'' in Kassel. During this period, Basquiat began using roughly hewn canvas supports as seen with ''Hannibal''. These stretchers were built by Basquiat's studio assistant, Stephen Torton. Basquiat had initially hired Torton to be a bouncer at his loft party, but by the end of the night he offered him the job of building stretchers. Basquiat's instructions could not have been simpler: "Just use whatever materials are here." Therefore, Torton constructed stretchers and frames out of found materials such as carpet tacks, rope, can ...
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Roy Lichtenstein
Roy Fox Lichtenstein (; October 27, 1923 – September 29, 1997) was an American pop artist. During the 1960s, along with Andy Warhol, Jasper Johns, and James Rosenquist among others, he became a leading figure in the new art movement. His work defined the premise of pop art through parody. Inspired by the comic strip, Lichtenstein produced precise compositions that documented while they parodied, often in a tongue-in-cheek manner. His work was influenced by popular advertising and the comic book style. His artwork was considered to be "disruptive". He described pop art as "not 'American' painting but actually industrial painting". His paintings were exhibited at the Leo Castelli Gallery in New York City. ''Whaam!'' and '' Drowning Girl'' are generally regarded as Lichtenstein's most famous works. ''Drowning Girl'', ''Whaam!,'' and ''Look Mickey'' are regarded as his most influential works. His most expensive piece is '' Masterpiece'', which was sold for $165 million ...
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Joaquín Torres-García
Joaquín Torres García (28 July 1874 – 8 August 1949) was a Uruguayan-Spanish artist who was born in Montevideo, Uruguay. Torres-García emigrated to Catalunya, Spain as an adolescent, where he began his career as an artist in 1891. For the next three decades, Torres-García embraced the Catalan identity and led the cultural scene in Barcelona and Europe. As a painter, sculptor, muralist, novelist, writer, teacher, and theorist, Torres-García was considered a "renaissance" or "universal man." He used a simple metaphor to deal with eternal struggles he faced between the old and the new, between classical and avant-garde, between reason and feeling, and between figuration and abstraction: there is no contradiction or incompatibility. Like Goethe, Torres-García sought to integrate classicism and modernity. Although he lived and worked primarily in Spain, Torres-García was also active in the United States, Italy, France, and Uruguay; he influenced European and North America ...
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Serge Poliakoff
Serge Poliakoff (January 8, 1900 – October 12, 1969) was a Russian-born French modernist painter belonging to the 'New' Ecole de Paris (Tachisme). Biography Serge Poliakoff was born in Moscow in 1900, the thirteenth of fourteen children. His father, a Kyrgyz, supplied the army with horses that he bred himself and also owned a racing stable. His mother was heavily involved with the church, and its religious icons fascinated him. He enrolled at the Moscow School of Painting, Sculpture and Architecture, but fled Russia in 1918. He arrived in Constantinople in 1920, living off the profits from his talent as a guitarist. He went on to pass through Sofia, Belgrade, Vienna, and Berlin before settling in Paris in 1923, all the while continuing to play in Russian cabarets. In 1929 he enrolled at the Académie de la Grande Chaumière. His paintings remained purely academic until he discovered, during his stay in London from 1935 to 1937, the abstract art and luminous colours of t ...
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1943 Births
Events Below, the events of World War II have the "WWII" prefix. January * January 1 – WWII: The Soviet Union announces that 22 German divisions have been encircled at Stalingrad, with 175,000 killed and 137,650 captured. * January 4 – WWII: Greek-Polish athlete and saboteur Jerzy Iwanow-Szajnowicz is executed by the Germans at Kaisariani. * January 11 ** The United States and United Kingdom revise previously unequal treaty relationships with the Republic of China (1912–1949), Republic of China. ** Italian-American anarchist Carlo Tresca is assassinated in New York City. * January 13 – Anti-Nazi protests in Sofia result in 200 arrests and 36 executions. * January 14 – January 24, 24 – WWII: Casablanca Conference: Franklin D. Roosevelt, President of the United States; Winston Churchill, Prime Minister of the United Kingdom; and Generals Charles de Gaulle and Henri Giraud of the Free French forces meet secretly at the Anfa Hotel in Casablanca, Morocco, to plan the ...
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2024 Deaths
The following notable deaths occurred in 2024. Names are reported under the date of death, in alphabetical order. A typical entry reports information in the following sequence: * Name, age, country of citizenship at birth, subsequent nationality (if applicable), what subject was noted for, cause of death (if known), and reference. January 26 25 * Hari Shankar Bhabhra, 95, Indian politician, MP (1978–1984), speaker of the Rajasthan Legislative Assembly (1990–1994) and deputy chief minister of Rajasthan (1994–1998). *Bhavatharini, 47, Indian composer ('' Bharathi'', ''Azhagai Irukkirai Bayamai Irukkirathu'') and music director ('' Mitr, My Friend''), cancer. *Roger Donlon, 89, American military officer, Medal of Honor recipient. * Sanath Nishantha, 48, Sri Lankan politician, minister of state for water supply (2020–2022, since 2022) and MP (since 2015), traffic collision. *Elahi Bux Soomro, 97, Pakistani politician, member (1985–2007) and speaker (1996–2001) ...
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Brazilian Economists
Brazilian commonly refers to: * Something of, from or relating to Brazil * Brazilian Portuguese, the dialect of the Portuguese language used mostly in Brazil * Brazilians, the people (citizens) of Brazil, or of Brazilian descent Brazilian may also refer to: Sports * Brazilian football, see football in Brazil * Brazilian jiu-jitsu, a martial art and combat sport system *''The Brazilians'', a nickname for South African football association club Mamelodi Sundowns F.C. due to their soccer kits which resembles that of the Brazilian national team Other uses * Brazilian waxing, a style of Bikini waxing * Brazilian culture, describing the Culture of Brazil * "The Brazilian", a 1986 instrumental by Genesis * Brazilian barbecue, known as churrasco * Brazilian cuisine See also * ''Brasileiro ''Brasileiro'' is a 1992 album by Sérgio Mendes and other artists including Carlinhos Brown which won the 1993 Grammy Award for Best World Music Album. Track listing # "Fanfarra" (Carlinhos Brown) ...
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Brazilian Bankers
Brazilian commonly refers to: * Something of, from or relating to Brazil * Brazilian Portuguese, the dialect of the Portuguese language used mostly in Brazil * Brazilians, the people (citizens) of Brazil, or of Brazilian descent Brazilian may also refer to: Sports * Brazilian football, see football in Brazil * Brazilian jiu-jitsu, a martial art and combat sport system *''The Brazilians'', a nickname for South African football association club Mamelodi Sundowns F.C. due to their soccer kits which resembles that of the Brazilian national team Other uses * Brazilian waxing, a style of Bikini waxing * Brazilian culture, describing the Culture of Brazil * "The Brazilian "The Brazilian" is an instrumental piece by the English band Genesis that concludes their 1986 album '' Invisible Touch''. The song features experimental sounds and effects. The band wrote two instrumental pieces for the album, this and "Do the N ...", a 1986 instrumental by Genesis * Brazilian barbecue, known a ...
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