No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsCrimeCosta Rica court suspends fraud trial against Luis 'The Cuban' Milanés, citing...

Costa Rica court suspends fraud trial against Luis ‘The Cuban’ Milanés, citing defendant’s weak heart

A fraud trial in Costa Rica against 63-year-old Cuban-American businessman Luis Angel Milanés Tamayo was suspended Monday morning following a request by a defense attorney who said his client suffers health problems.

A criminal court in San José granted attorney Hugo Navas’ request based on medical reports stating that Milanés’ heart condition prevented him from attending the trial. Milanés was scheduled to attend court at 8 a.m., but he arrived with his lawyer at about 10 a.m. to file the request.

Milanés, aka “The Cuban,” is facing a fraud trial for the sudden closure in 2002 of his “investment” company, Savings Unlimited. That same year he fled Costa Rica after a group of about 500 victims – mostly U.S. and Costa Rican citizens – denounced him for allegedly making off with $46 million of their money. After six years on the run, Milanés was arrested on June 19, 2008 at an airport in El Salvador, where local police nabbed him with someone else’s Costa Rican passport.

In May 2011, he reached an agreement with plaintiffs and pledged to begin paying them by using nine properties with an estimated value of $12 million. He also promised to give them $1.8 million in cash by November 2012.

A criminal court last September ordered Milanés to be brought to trial and prosecuted after he failed to pay back more than half a million dollars of that settlement.

Last November the owners of a San José business group that included Milanés closed a hotel and two casinos and laid off 250 employees. Attorney Hugo Navas, also the group’s attorney, at the time said the closure was due to high operating costs.

Milanés was ordered to undergo health evaluations by Judicial Police forensic experts on Monday afternoon in order to reschedule his appearance in court.

Trending Now

Costa Rica’s Tourism Is Losing Ground to Mexico, Guatemala and Others

The National Chamber of Tourism (CANATUR) warned that Costa Rica's tourism ended 2025 with a modest 1% increase in international arrivals, a figure that...

Djokovic opens Australian Open with clinical win as 25th major chase resumes

Novak Djokovic started his latest run at a record 25th Grand Slam title with an efficient, no-drama first-round win on Monday night, rolling past...

How Scammers Use Real Photos to Steal Deposits on Costa Rica Getaways

As Costa Ricans and tourists finalize plans for Semana Santa and mid-year breaks, authorities and consumer groups issue fresh alerts on a persistent scam...

U.S. Warns of Military Risks in Mexico and Central America Airspace

The United States Federal Aviation Administration (FAA) issued a series of safety warnings on Friday for airspace over Mexico and Central America. The alerts...

Marriott and Hilton Plan 22 Costa Rica Hotel Openings Through 2028

Marriott and Hilton, the two international hotel chains with the largest presence in Costa Rica, are planning a combined 22 hotel openings in our...

Costa Rica Braces for Weekend Chill with Valle Central Temperature Drops

Costa Rica residents and tourists alike face colder mornings through the weekend, with temperatures in the Valle Central dropping by up to 4 degrees...
L. Arias
L. Arias
Reporter | The Tico Times |
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica