Villalobos Read Details of Sentence
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
PAHO urges countries not to require coronavirus tests from travelersAFP - November 27, 2020
The Pan American Health Organization (PAHO) urged countries not to require coronavirus tests from travelers, saying they give a "false…
Eta and Iota left 200 dead, millions in financial losses across Central AmericaAFP - November 27, 2020
Hurricanes Eta and Iota, which hit Central America this month, left at least 200 confirmed dead and as many missing,…
Costa Rica offering all-expenses-paid vacations: How to enterAlejandro Zúñiga - November 26, 2020
Costa Rica is offering all-expenses-paid vacations for U.S. and Canadian residents who have found life’s essentials during what has been…