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Investment fraud

Costa Rican prosecutors investigate luxury condominium fraud in Central Valley

On Monday, Costa Rican prosecutors announced they are launching an investigation of real estate group Homes Grupo Inmobilario for various developments in the Central Valley.

UPDATE: Costa Rican police raid law offices in connection with €8.5 million fraud investigation

OIJ spokeswoman Xinia Zamora said that the raid aimed to discover if the law firm was aware of the illicit source of money used to buy properties in Costa Rica by a Dutch businessman.

Citigroup pays $180 million to settle hedge fund fraud case

"Advisers at these Citigroup affiliates were supposed to be looking out for investors' best interests, but falsely assured them they were making safe investments even when the funds were on the brink of disaster," said Andrew Ceresney, director for the SEC's enforcement division.
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IKEA Begins Costa Rica Rollout: Start Practicing Your Allen Wrench Skills Now

IKEA is moving closer to opening in Costa Rica, and the country’s future furniture shoppers may want to start getting familiar with flat-pack boxes,...

Costa Rica Clears Way for “Macho Coca” Extradition to U.S.

Costa Rican courts have cleared the final domestic obstacle blocking the extradition of Gilbert Bell Fernández, known as “Macho Coca,” to the United States,...

Paraguay Fall 4-1 to USA as World Cup 2026 Opens for North American Hosts

The 2026 World Cup's North American co-hosts seized the spotlight Friday, as the United States overwhelmed Paraguay 4-1 behind a Folarin Balogun brace and,...

Rural Women Lead Climate Resilience Efforts in Costa Rica’s Farming Communities

Rural women in Costa Rica are playing a growing role in climate adaptation, sustainable agriculture and food security, with new support from United Nations-backed...