Edemar Cid Ferreira

Brazilian economist and banker (1943–2024)

Edemar Cid Ferreira (31 May 1943 – 13 January 2024) was a Brazilian economist, banker, and art collector.[1] He was the founder and head of Banco Santos, which went bankrupt in September 2005.[2][3] Ferreira was convicted in Brazil of bank fraud, tax evasion, and money laundering.[4] He began serving 21-year prison sentence in December 2006.[5] 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.[4] Before his arrest, he smuggled his collection out of Brazil.[1] 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, and other works with an estimated value of $20 million to $30 million.[1]

Ferreira died from a heart attack on 13 January 2024, at the age of 80.[6]

References

  1. ^ a b c "Bad Banker's $8 Million Basquiat Smuggled With Shipping Invoice for $100 Returns Home | artnet News". artnet News. 19 June 2015. Retrieved 14 August 2017.
  2. ^ "StAR - Stolen Asset Recovery Initiative - Corruption Cases - Edemar Cid Ferreira/ Banco Santos, S.A. Art Repatriation Case". star.worldbank.org. Retrieved 14 August 2017.
  3. ^ felipemello. "Edemar Cid Ferreira e o leilão do ano". CartaCapital (in Portuguese). Archived from the original on 25 August 2017. Retrieved 14 August 2017.
  4. ^ a b Cohen, Patricia (13 May 2013). "Valuable as Art, but Priceless as a Tool to Launder Money (Published 2013)". The New York Times. ISSN 0362-4331. Retrieved 18 January 2021.
  5. ^ Reagan, Gillian (14 February 2008). "Missing $8M Basquiat Art Reappears in UES Warehouse". Observer. Retrieved 18 January 2021.
  6. ^ Morre Edemar Cid Ferreira, fundador do falido Banco Santos, aos 80 anos (in Portuguese)
  • v
  • t
  • e
1995
1996
1997
  • Adélia Prado
  • Antônio Poteiro
  • Antônio Salgado
  • Braguinha
  • David Assayag
  • Diogo Pacheco
  • Dona Lenoca
  • Fayga Ostrower
  • Gilberto Chateaubriand
  • Gilberto Ferrez
  • Helena Severo
  • Hilda Hilst
  • Jorge da Cunha Lima
  • Jorge Gerdau
  • José Ermírio de Moraes
  • José Safra
  • Lúcio Costa
  • Luís Carlos Barreto
  • Mãe Olga do Alaketu
  • Marcos Vilaça
  • Maria Clara Machado
  • Robert Broughton
  • Ubiratan Aguiar
  • Wladimir Murtinho
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018


Flag of BrazilBiography icon

This biographical article about a Brazilian economist is a stub. You can help Wikipedia by expanding it.

  • v
  • t
  • e