No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeTopicsCrimeCosta Rica Busts Massive Property Fraud Ring

Costa Rica Busts Massive Property Fraud Ring

The Judicial Investigation Organism (OIJ) confirmed the arrest of a group of people linked to the irregular acquisition of 300 properties and money laundering. The OIJ discovered that, as part of the scheme to legitimize the money, they set up various businesses such as bus services and outlet stores.

Authorities conducted 47 raids in Alajuela, Heredia, Cartago, San José, and Puntarenas on Tuesday, seizing 38 vehicles and 13 buses from Alajuela and Puntarenas. As confirmed by the OIJ, 54 people are being investigated.

“Motherland” (“Madre Patria”), as the case is known, had been under investigation for two and a half years. The director of the OIJ, Randall Zúñiga, described the operation as “organized crime” due to the complex organization of participants.

Two Spaniards are identified as the coordinators. Additionally, the OIJ revealed that 12 notaries in charge of registration procedures, 5 traffic police officers, a judge from Desamparados who provided legal advice, a technician from the Public Defender’s Office, an archive technician, and a judicial officer stationed in La Unión were involved.

“They obtain properties that are perhaps in some kind of disuse. They would steal them from the registry, presumably, and then sell them to other people,” said Zúñiga.

As part of the investigation, the group’s participation in the cryptocurrency market is also being reviewed. “In just one day, to get an idea of the amount of money handled by this organization, they traded $13 million in Bitcoins,” said Zúñiga. The OIJ had been examining the possible crimes of registry fraud, money laundering, and ideological falsehood.

One of the Spaniards arrested in San Rafael de Heredia, an alleged leader, lived a luxurious life. At his property, raided on Tuesday, he had a swimming pool and five luxury cars. In addition, a collection of fine watches and four safes containing jewelry were seized.

“This Spaniard is one of the main leaders of the criminal structure that we are dismantling today. There are two Spaniards who have been living in the country for 10 years. The raided property, where one of them lives, comes from a registration fraud, according to the investigation,” said Michael Soto, deputy director of the OIJ.

Trending Now

Cold Fronts Shape Early February Weather in Costa Rica

Two cold fronts will mark the beginning of February in Costa Rica, maintaining windy conditions, rainfall, and low temperatures. At the same time, the...

Why Iguanas Are Falling From Trees in South Florida

Residents of South Florida are seeing something unusual this week: iguanas dropping from trees during an intense cold snap. Videos and photos have spread...

Your Digital ID Won’t Let You Vote in Costa Rica’s Elections

With national elections set for February 1, the Supreme Electoral Tribunal (TSE) has stepped up reminders that only the physical cédula de identidad qualifies...

Alcaraz Beats Djokovic in Thrilling Australian Open Final

Carlos Alcaraz turned the tables on Novak Djokovic in a gripping four-set battle at the Australian Open final on Sunday, securing a 2-6, 6-2,...

Latin American Governments Violate Human Rights Under Cover of Trump Policies

Far from curbing Donald Trump’s assault on the global human rights system, several Latin American governments are using the U.S. president’s policies as an...

Two Costa Ricans Headed to US After Court Upholds Extradition Ruling

Judges on the Court of Appeals in San José have confirmed the extradition of two Costa Rican citizens to the United States to face...
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica