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

Spirit Airlines Starts Nonstop Flights to Belize from Fort Lauderdale

Spirit Airlines has started nonstop flights from Fort Lauderdale to Belize City, marking a new option for travelers heading to Central America. The service...

Costa Rica Eyes Complete Vape Ban to Combat Rising Teen Use and Risks

A lawmaker from Costa Rica's ruling party has introduced a bill to outlaw vapes entirely, targeting their import, sale, and use across the country....

Costa Rica Ranks Third in 2025 Global Retirement Index

Costa Rica has earned third place in International Living’s 34th Annual Global Retirement Index for 2025, a solid performance that keeps the country among...

Costa Rica’s La Fortuna Waterfall Ranks in Top 1% Globally on TripAdvisor

La Fortuna Waterfall in Costa Rica received TripAdvisor's "Best of the Best" award for the second straight year in the Travellers' Choice 2025 rankings....

How To Roast a Thanksgiving Turkey With Cornbread and Pecan Stuffing in Costa Rica

If you’re spending Thanksgiving in Costa Rica, the basics of a good turkey don’t change: crisp skin, juicy meat and lots of gravy. What...

Why Honduras Still Has No President Days After a Razor Thin Vote

Hondurans are on edge. Three days after the elections, they still don't know who will govern them for the next four years due to...
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica