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Ramón Báez Figueroa
Ramón Buenaventura Báez Figueroa (born in 1956) is the former president of Banco Intercontinental (BANINTER) from the Dominican Republic, accused in 2003 of masterminding the country's most spectacular banking fraud scandal, amounting to more than US$2.2 billion ($ billion today). Family and early life Descendant of two Dominican presidents (Buenaventura Báez and Ramón Báez Machado), Báez Figueroa comes from an influential Dominican family. His father is the entrepreneur Ramón Báez Romano, grandson of former president Ramón Báez Machado. He married María Rosa Zeller Barrous, they had 2 children and divorced. On 12 January 1997, he remarried to Patricia Álvarez DuBreil, the granddaughter of the industrialist Horacio Álvarez Saviñón and cousin-niece of Luis Álvarez Renta, at Casa de Campo The Casa de Campo (, for Spanish: ''Country House'') is the largest public park in Madrid. It is situated west of central Madrid, Spain. It gets its name 'Country House ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Intercontinental
Banco Intercontinental (or BANINTER) was the second largest privately held commercial bank in the Dominican Republic before collapsing in 2003 in a fraud tied to political corruption. Ramón Báez Figueroa and expansion of BANINTER Banco Intercontinental was created in 1986 by Ramón Báez Romano, a businessman and former Industry Minister. Later, Ramón Báez Figueroa, took over the bank. BANINTER Group owned Listín Diario; four television stations, a cable television company, and more than 70 radio stations. Bank crisis On April 7, 2003, the government took control of BANINTER. Báez Figueroa was arrested on May 15, 2003 along with BANINTER vice presidents Marcos Báez Cocco and Vivian Lubrano de Castillo, the secretary of the Board of Directors, Jesús M. Troncoso, and Luis Alvarez Renta, on charges of bank fraud, money laundering and concealing information from the government as part of a fraud scheme of more than RD$55 billion (US$2.23 billion). The sum was equivalent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |