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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Ponzi scheme

Costa Rica court hands Luis Milanés, aka ‘The Cuban,’ 15-year prison sentence

More than 13 years after the sudden shuttering of "investment" company Savings Unlimited, which left hundreds of clients in the dark, a Costa Rica court has convicted owner Luis Milanés, known as "The Cuban," to 15 years in prison on charges of aggregated fraud.

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