• 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

The Secret Lives of Leaf-Cutting Ants in Costa Rica
Into the Wild
9133 views
Into the Wild
9133 views

The Secret Lives of Leaf-Cutting Ants in Costa Rica

Lindsay Fendt - June 20, 2021

When looking for wildlife in Costa Rica, it’s easy to become fixated on the unusual mammals and vibrant birds, but…

How to make a delicious Costa Rica Chilera – and your own Banana Vinegar
Cooking
8931 views
Cooking
8931 views

How to make a delicious Costa Rica Chilera – and your own Banana Vinegar

Ed Bernhardt - June 20, 2021

Recently there’s been a lot more interest in the benefits of natural vinegar, and for good reason.  Naturally fermented vinegars…

Famous Literary Works About Costa Rica
Arts and Culture
7 views
Arts and Culture
7 views

Famous Literary Works About Costa Rica

Sponsored Content - June 20, 2021

Costa Rica is a paradise located in Central America and surrounded by the Caribbean Sea and the Pacific Ocean. It…

The Tico Times | Top Costa Rica News, Travel, Culture and Sports