No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchive2 arrested in Costa Rica wanted in U.S. for alleged business fraud

2 arrested in Costa Rica wanted in U.S. for alleged business fraud

The United States is seeking the extradition of two U.S. citizens arrested last week in Costa Rica in connection with fraud ventures throughout the United States, the U.S. Justice Department said.

Jeffrey Pearson on Friday became the second detainee, after the Dec. 9 arrest of his alleged co-conspirator Stephen Schultz, both of whom U.S. authorities suspect of selling bogus business opportunities to purchasers in U.S. states including Florida, Pennsylvania, Colorado, New Mexico, Wisconsin and Nevada.

Operating out of Costa Rica, Pearson and Schultz purportedly scammed investors across the United States to buy into business opportunities in USA Beverages Inc., Twin Peaks Gourmet Coffee Inc., Cards-R-Us Inc., Premier Cards Inc., The Coffee Man Inc., and Powerbrands Distributing Company, according to a press release on the Justice Department´s Web site.

The suspects allegedly used Internet technologies to make it appear they were based in the United States.

“We greatly appreciate the effort and cooperation of Costa Rican authorities in arresting these two defendants,” said Gregory G. Katsas, assistant attorney general for the Justice Department´s Civil Division, according to the press release.

The U.S. Postal Service was also involved in the crackdown.

“The Postal Inspection Service investigated a virtual office in Reno, Nev., and learned that it and the U.S. Mail were being used as part of a international fraud scheme aimed at United States citizens. Our investigation discovered a web of deception that led to Costa Rica. With international cooperation, we have now arrested two of the leaders of this scheme.” said U. S. Postal Inspector in Charge Pete Zegarac, based in Phoenix, Arizona.

The suspects, if convicted in a U.S. court, could face up to 10 years in prison, a possible fine and mandatory restitution for a conspiracy count, and for each mail and wire fraud count, a maximum term of 25 years´ imprisonment on each of the mail and wire fraud counts, a possible fine and mandatory restitution.

Trending Now

Costa Rica Asks Nicaragua to Increase Patrols Over Illegal Gold Smuggling

Costa Rica asked Nicaragua to increase police patrols along the San Juan River. The request targets the movement of gold-bearing sediments taken illegally from...

Panama Canal Operations Continue Normally After Port Takeover Officials Say

The Panamanian government said Tuesday that trade has not been affected after it took control of two ports operated by Hong Kong-based CK Hutchison...

US Bases Proposed in Limón, Puntarenas and Guanacaste to Target Drug Traffickers

Fabián Silva Gamboa, a constitutional lawyer who advises President-elect Laura Fernández, proposed a reform to the Political Constitution that would allow the United States...

Costa Rica Urges De-Escalation as Iran Retaliates to U.S.-Israel Attack

Costa Rica expressed deep concern over the escalating conflict in the Middle East after the United States and Israel carried out airstrikes on Iran...

US and Israel Strike Iran as Tehran Launches Missile Retaliation Across the Gulf

U.S.-Israeli strikes on Iran and Iran’s retaliation have pushed the region into a fast-moving confrontation with attacks reported in Iran, Israel, and across Gulf...

Costa Rica Fashion Week Debuts in Arts Festival Lineup

Costa Rica Fashion Week marks its 25th edition by aligning with the International Arts Festival, blending runway shows with broader cultural offerings for the...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica