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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.

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