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

Five More Arrested as Costa Rica Steps Up Sea Turtle Protection at Ostional

Five more people have been detained during sea turtle protection operations at Ostional National Wildlife Refuge in Guanacaste, bringing the number of people arrested...

Costa Rica’s San Jose Airport to Add Eight-Level Parking Garage and New Investments

Juan Santamaría International Airport is moving ahead with a major expansion of its parking facilities, including a new eight-level structure that will add 600...

Three Missing After Being Swept Away at Tarrazú Waterfall and Guanacaste Beach

Three people remain missing after strong currents swept them away in two separate incidents today, one at a waterfall in the Los Santos region...

Costa Rica’s Former Simón Bolívar Zoo Opens for Coffee Day

San José residents will get another chance to walk the grounds of the former Simón Bolívar Zoo on Saturday, October 3, when the site...

Honduras Adopts El Salvador-Style Prison Measures Against Gangs

Honduras has approved stricter prison rules targeting suspected gang members and drug traffickers, adopting measures similar to those used in El Salvador’s anti-gang crackdown.

Costa Rica Reaffirms Cuba Split After Havana Denies Being Notified

Costa Rica's foreign minister spent the weekend defending a diplomatic split with Cuba that Havana says it was never formally told about, and by...

Costa Rica Takes Growing Role in U.S. Deportation Program

Costa Rica has quietly become an important destination in a growing U.S. deportation program that sends migrants to countries they are not from, leaving...

Who is behind Costa Rica’s proposed AI data centers?

Two AI data centers seek vast power and water in Costa Rica. Who is financing them is still unknown.

Apple Brings Tap to Pay on iPhone to Costa Rica

Apple rolls out Tap to Pay on iPhone in Costa Rica. Businesses can now accept in-person contactless payments on an iPhone, with no separate...
🌴 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