No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveWhile one dad goes to jail on fraud charges in Costa Rica

While one dad goes to jail on fraud charges in Costa Rica

Four-year fugitive Thomas Jafeck, wanted for financial fraud in Costa Rica, was arrested in Miami on July 28.

Jafeck, 70, shut down his Costa Rica Green company, an unregulated investment outfit in the Mercedes Tower on Paseo Colón, in 2002. Judicial authorities here issued arrest warrants for him, his son, Thomas, 47, and wife, Billie Joe, 70, in 2004.

According to an Interpol press release, the company attracted national and foreign investors in 2001, promising returns of three percent or more.

“What is certain is that this company had no specific activity that would generate this return,” the press release states. “In its advertising information, they hid the truth and presented false information in order to defraud its investors. Taking advantage of the fact its investors didn´t understand the country´s laws, they transferred the money to different banks and, in December 2002, they closed their offices and refused to pay their clients.”

Costa Rican authorities will request Jafeck´s extradition. If extradited and convicted here, Jafeck could face up to 10 years in prison.

Interpol Costa Rica spokesman Emilio León said he hopes U.S. authorities will extradite Jafeck. He said the fact that Interpol Washington forwarded the arrest information is a hopeful sign.

The United States rarely extradites its nationals to face trials here, León said, and Costa Rica never extradites its citizens. The two countries have an extradition treaty, but it doesn´t require either to extradite its citizens. Costa Rica has 60 days from the date of the arrest to file for Jafeck´s extradition.

Trending Now

Zverev Wins First Grand Slam Title at French Open 2026

Alexander Zverev won the first Grand Slam title of his career on Sunday, outlasting Italy's Flavio Cobolli 6-1, 4-6, 6-4, 6-7(5), 6-1 in the...

Costa Rica Weekend Weather: Drier Friday and Saturday, Stormier Sunday

Costa Rica will get a short break from widespread rain this weekend before Tropical Wave No. 10 moves in on Sunday and raises the...

Costa Rica watches the dollar climb after four years of a rising colón

After spending most of 2026 near record lows, the U.S. dollar has clawed back a little ground in Costa Rica over the past two...

El Salvador Tourism Boom Puts Visitor Goal Ahead of Schedule

El Salvador’s tourism growth is moving faster than the country’s own official targets. After years of being seen internationally through the lens of violence...

Five Leading Contenders to Win the 2026 World Cup

The 2026 FIFA World Cup has opened across North America, bringing the biggest field in tournament history and one of the deepest title races...

Costa Rica’s 2026 Growth Forecast Trimmed by World Bank

The World Bank lowered its 2026 growth forecast for Costa Rica to 3.5%, a modest downgrade that places the country in line with other...

Costa Rica Studies Find Microplastics in Beaches, Fish, Livestock and Poultry

Costa Rica’s microplastics problem is no longer limited to plastic bottles, bags, and debris washing up on beaches. Local research has found tiny plastic...

Costa Rica’s Crucitas Gold Crisis Deepens as Illegal Mining Spreads

Costa Rica is facing one of its most difficult environmental and security tests in years as illegal gold mining spreads through Crucitas, a remote...

Ex-Air Canada Pilot Charged After Allegedly Flying Without Proper License

A former Air Canada captain has been charged in Canada after police alleged he flew more than 900 domestic and international flights without holding...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel