Description :

Ramon Baez Figueroa

Ramon Baez Figueroa is a Dominican fraudster from a wealthy and politically powerful family. He owned Banco intercontinental or Baninter which is the second largest commercial bank of the Dominican Republic. He had 80% share and so got full control over the bank which gave him a lot of influence inside the bank.

The bank involved in banking frauds and money laundering under the influence of Figueroa during the time 1993 to 2003 for about $2.2 billion which is the two- third of Dominican republic's annual budget. He was convicted for his scams and was sentenced to 10 years in prison with his accomplices.