OIJ Searching For Owners Of Investment Companies

August 17, 2007

Judicial Investigative Police (OIJ) agents are searching for two suspects – a nationalized Costa Rican from the United States and an Heredia resident – who allegedly ran two companies that illegally received payments from investors totaling millions of dollars.

The companies, Consultores Las Tres Américas and Fomac International Group, located in San José, allegedly received money from dozens of investors and offered monthly interests between 4% and 5%, according to OIJ spokesman Francisco Ruiz.

A group of investors appeared at the OIJ offices in downtown San José Monday to file a formal complaint in the case, alleging that the two partners in the company stopped paying back clients and closed their doors about two weeks ago. Some 20 investors had invested about $500,000 each in the companies. Another 60 each invested $100,000 or more. Other investors each invested some $50,000, the daily La Nación reported.

The U.S. citizen, James Roberts, is a 69-year-old civil engineer who is reportedly at his home in the U.S. state of Arkansas. The Heredia resident, Francisco Jiménez, is a 67-year-old Costa Rican who reportedly left the country Aug. 2 to go to Guatemala.

The offices of Fomac, in La Pitahaya, San José, closed a day after Jiménez left the country.

Roberts attended investors at the Las Tres Américas, while his alleged partner Jiménez did the same at the Fomac offices.

The company didn’t advertise, but relied on recommendations from other clients, the daily reported.

Judicial Branch spokesman Federico Venegas said the Prosecutor’s Office of Economic Crimes is investigating Roberts on suspicion of fraud. Roberts’ company, which was registered as a consulting business, has moved some $2.7 million in transfers through its Interfin account since 2004, much of which was sent to the United States.

Jiménez’s lawyer Federico Campos told La Nación that the companies received up to $7 million in investments while operating in Costa Rica. The money was invested in Forex, an international currency trading market, Campos said.

 

You may be interested

Adaptive surfing, part II: The story of Dean Bushby
sports
173 views
sports
173 views

Adaptive surfing, part II: The story of Dean Bushby

Ellen Zoe Golden - May 22, 2018

A three-part look at adaptive surfing in Costa Rica. Read Part I here to learn how a Central Pacific coach is…

Costa Rica launches Pride Connection network
Human rights
221 views
Human rights
221 views

Costa Rica launches Pride Connection network

Elizabeth Lang - May 22, 2018

As Costa Rica continues to grapple with the disagreements about marriage equality and gender identity that dominated the second round…

Costa Rica at a glance: top news from the past week
The Alvarado Administration
235 views
The Alvarado Administration
235 views

Costa Rica at a glance: top news from the past week

The Tico Times - May 21, 2018

Newly inaugurated Costa Rican President Carlos Alvarado is closing in on two weeks on the job. Here are some of…