Costa Rica Coffee Guide

Villalobos Read Details of Sentence

June 15, 2007

Businessman Osvaldo Villalobos appeared in a San José court last Friday to hear judges read him the fine print of his 18-year prison sentence for fraud and illegal financial intermediation.

Villalobos was convicted last month in a long-awaited trial that began in February (TT,May 18). Still at large is his fugitive brother, Luis Enrique Villalobos, the alleged kingpin of the siblings’ San José-based investment scheme known as “The Brothers.” The operation, which shut down in late 2002, attracted hundreds of millions of dollars from mostly foreign investors.

Defense attorney Juan Tovar told The Tico Times that the defense plans to appeal Osvaldo’s sentence, and has 30 business days from June 8 in which to do so.

 

You may be interested

Chile rejects Escazú Agreement, environmental pact supported by Costa Rica
Costa Rica
368 views
Costa Rica
368 views

Chile rejects Escazú Agreement, environmental pact supported by Costa Rica

AFP and The Tico Times - September 23, 2020

Chile on Tuesday confirmed its decision not to sign the Escazú Agreement, which guarantees the protection of environmental rights in…

At UN, Costa Rica defends international fund to alleviate economic blow of pandemic
Costa Rica
1179 views
Costa Rica
1179 views

At UN, Costa Rica defends international fund to alleviate economic blow of pandemic

AFP - September 23, 2020

The president of Costa Rica, Carlos Alvarado, defended Tuesday before the UN the creation of a fund financed by industrialized…

Travel uncertainty cancels Costa Rica’s upcoming soccer friendly against Mexico
Costa Rica
3277 views
Costa Rica
3277 views

Travel uncertainty cancels Costa Rica’s upcoming soccer friendly against Mexico

Alejandro Zúñiga - September 22, 2020

The Costa Rican Football Federation (Fedefutbol) on Tuesday announced the cancellation of the men's national team's planned friendly match against…