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’s New Cultural Passport Sends You to 35 Places Most Visitors Never See

If you have already done Arenal, Manuel Antonio and Monteverde and want a reason to drive somewhere new, Costa Rica just handed you one....

Costa Rica’s Mangroves Face Growing Threats From Pollution and Development

Costa Rica’s mangrove forests protect coastal towns, support fishing communities and provide breeding grounds for marine life. Researchers warn that pollution, construction and changes...

Costa Rica’s August 31 Holiday Falls on a Workday for the First Time

Monday, August 31 is a national holiday in Costa Rica. Plan for a three-day weekend, closed government offices, and a payroll question if you...

Google Wins Auction for Spirit Airlines’ Massive Data Archive, Raising Privacy Alarms

For all us fun that have flown Spirit to Costa Rica, it was announced that Spirit Airlines has agreed to sell a sprawling trove...

The Hidden Climb in Tortuguero Most Visitors Never Discover

Just beyond Tortuguero’s famous canals, Cerro Tortuguero offers a rainforest hike and one of the most impressive panoramic views on Costa Rica’s Caribbean coast.

Coco Gauff and Arthur Fils Win Cincinnati Open Titles

Coco Gauff and Arthur Fils left the Cincinnati Open with the biggest trophies on Sunday, August 23, after winning two very different singles finals...

Panama and El Salvador Declare Alerts as El Niño Intensifies

Panama and El Salvador declared states of alert on Tuesday over the El Niño climate phenomenon, which is expected to reach record levels and...

Germany’s Consul in Costa Rica Dies in Alajuela Lagoon Accident

Costa Rica's Foreign Ministry confirmed the death of Mario Genz, a consul at the German Embassy in San José, who drowned Saturday afternoon at...

Playa Panamá Residents March to Restart Stalled Papagayo Projects

Residents of Playa Panamá marched on Sunday, calling for stalled tourism projects in the Gulf of Papagayo to move forward, saying the delays are...
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