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

Costa Rica Moves Immigration Applications Online for Some Foreign Executives

Costa Rica has moved several immigration procedures for foreign executives and their families online, allowing eligible applicants to complete and track the process through...

World Surf League Returns to Costa Rica at Playa Hermosa

Professional surfing returns to Costa Rica’s international stage today as the Garabito Surf City PRO 2026 gets underway at Playa Hermosa, bringing an official...

U.S. and Costa Rica Discuss Deeper Security Cooperation

U.S. Secretary of State Marco Rubio spoke with Costa Rican President Laura Fernández today as the two countries look to deepen security cooperation amid...

Costa Rica Estate Becomes Refuge for Rare Agami Heron

Around 1,000 agami herons have made a private estate in Guatuso their home, creating an unusual concentration of one of the most elusive heron...

Costa Rica Seals Security Contracts as “Operation Pegasus” Remark Goes Unexplained

A decree in force since August 10 seals Costa Rican security records including procurement files, as a governing-party lawmaker's unexplained "Operation Pegasus" remark sharpens the dispute.

Costa Rica Opens Eight-Lane Circunvalación Bridge in San José

All eight lanes of the Circunvalación bridge over the María Aguilar River reopened yesterday, restoring normal traffic on one of San José’s busiest highways...

Venus Williams Falls to Emiliana Arango in Cincinnati Open First Round

Venus Williams’ return to the Cincinnati Open ended in the first round Friday as Colombian qualifier Emiliana Arango defeated the seven-time Grand Slam champion...

Lionel Messi Says He May Not Play Much Longer After Father’s Death

Argentine soccer star Lionel Messi said Wednesday that he has “a lot of doubts” about whether he will continue playing football “for much longer,”...

General Cañas Highway Lane Closures Begin Monday in Costa Rica

Drivers using the General Cañas Highway between Alajuela and San José should prepare for additional congestion beginning Monday as crews carry out eight days...
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