• Costa Rica Real Estate
  • Costa Rica Real Estate Auction

Tico convicted in Miami for Costa Rica-based business fraud on U.S. citizens

May 12, 2011

A Costa Rican man could spend decades behind bars in a U.S. prison after being convicted on 12 felony counts of business fraud.

A U.S. federal grand jury found Sirtaj “Tosh” Mathauda guilty of operating a chain of fake companies that made false business propositions to U.S. customers, according to a U.S. Justice Department statement.

From 2004 through early 2009, Mathauda operated Apex Management Group, USA Beverages Inc., Omega Business Systems and Nation West Distribution from call centers located in Costa Rica. Mathauda and a group of co-conspirators used the companies to sell rights to vending machine routes, beverage distributorships and greeting card distributorships. Mathauada and his accomplices claimed the distribution routes were located in high traffic areas, would be maintained and were fiscally profitable. They would then provide false references to corroborate their claims.

Several of Mathauda’s accomplices, including his brother Dilraj “Rosh” Mathauda previously pled guilty in Miami in connection with their roles in the fraudulent business opportunity scam.

“Business opportunity fraud imposes major financial hardships on innocent hardworking citizens,” said Tony West, assistant attorney general for the U.S. Justice Department’s Civil Division, in a statement. “The Department of Justice will continue to persecute aggressively those who are exploiting consumers to make a quick buck for themselves.”

Mathauda was convicted of 11 other lesser felony charges as well, including nine counts of mail fraud and two counts of wire fraud.

He faces a maximum sentence of 25 years of prison on each count of conviction.

“This verdict demonstrates that individuals living outside of the US will not be allowed to use technology to commit fraud on the American public,” said Henry Gutiérrez, the lead U.S. Postal Inspector on the case. “This investigation illustrates our resolve to protect American consumers form business scams wherever they occur.”

You may be interested

Three dead in Colombia protests as wave of unrest continues in South America
Colombia
13 views
Colombia
13 views

Three dead in Colombia protests as wave of unrest continues in South America

AFP - November 22, 2019

Three people were killed during nationwide demonstrations in Colombia as part of a general strike protesting against the policies of…

Environmental organizations denounce pineapple farm that could impact Térraba-Sierpe National Wetlands
Environment
15 views
Environment
15 views

Environmental organizations denounce pineapple farm that could impact Térraba-Sierpe National Wetlands

Vinicio Chacón / Semanario Universidad - November 22, 2019

By means of a resolution issued Nov. 6, the National Technical Secretariat of the Environment Ministry (SETENA) decided to avoid…

National Oxcart Parade will fill the streets of San José on Sunday
Costa Rica
52 views
Costa Rica
52 views

National Oxcart Parade will fill the streets of San José on Sunday

Alejandro Zúñiga - November 22, 2019

The streets of San José will look a little more vibrant on Sunday morning. Beginning at 10 a.m., Costa Rica…

Do NOT follow this link or you will be banned from the site!