No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveMinor Vargas pleads not guilty in U.S. federal court

Minor Vargas pleads not guilty in U.S. federal court

Two Costa Rican men accused of defrauding clients and investors in a $670 million insurance industry scam pleaded not guilty to seven charges in U.S. federal court Wednesday, according to The Associated Press.

Minor Vargas and Jorge Luis Castillo were arraigned on conspiracy, wire fraud and mail fraud charges. Both men plead not guilty and requested a jury trial. A judge set a tentative trial date for Apr. 12, although that date is likely to be extended because of the complexity of the case.

Minor Vargas, the president and CEO of Costa Rican-based Provident Capital Indemnity (PCI), and auditor Castillo were are charged with misleading investors on life insurance policies. FBI investigators were seen in Costa Rica this week gathering evidence.

Trending Now

Costa Rica’s Crucitas Faces Environmental Disaster from Illegal Gold Mining

Environmental crime in Costa Rica has escalated dramatically, with the illegal gold mining crisis in the Crucitas region now bearing all the hallmarks of...

Costa Rica National Parks to Measure Tourism Impact

Costa Rica will now be able to measure the impact of tourism in its national parks, thanks to innovative environmental technology from The NeverRest...

Costa Rica Faces Decade of Lost Progress in Education, Report Finds

Costa Rica lost ten years of progress in education, according to the Tenth Report on the State of Education 2025. The COVID-19 pandemic, along...

Costa Rica Tourism Leaders Call for Action Amid Rising Insecurity

A surge in public insecurity and the sharp appreciation of the Costa Rican colón—up more than 20% since 2022—have become the leading threats to...

In Costa Rica, Rare White-Lipped Peccaries Still Survive

Today we meet the white-lipped peccary, a large animal that travels in large groups that has disappeared from a large part of its historical...

USS Lake Erie Passage in Panama Canal Follows US Military Pressure on Venezuela

A US guided missile cruiser, USS Lake Erie, was seen crossing the Panama Canal from the Pacific to the Caribbean Friday night, after the...
Avatar
spot_img
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