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.

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 in a pompous, ostentatious wedding that cost more than US$ 2 million of the time (US$3.0 million at 2017 prices) —in a country whose GDP per capita was around US$2,000— it was called the "Wedding of the Century"; they divorced in 2013. He married for a third time in June 2014 to Sandra Martínez Yangüela.

He was the CEO of Banco Intercontinental (BANINTER) from 1993 until its collapse in 2003; he and his father controlled at least 80% of the shares. He was lionized as the Dominican King Midas.

In 2001, BANINTER alone was worth RD$25.57 billion or US$1.51 billion (US$2.25 billion in 2017 prices).

Báez Figueroa was arrested 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 financer Luis Álvarez Renta, on charges of bank fraud, money laundering and concealing information from the government as part of a massive fraud scheme of more than RD$ 55 billion (USD $2.2 billion). This sum would be big anywhere, but it was overwhelming for the Dominican economy, equivalent to two-thirds of its national budget.

...
Wikipedia