Judge Orders Bond For Matteo Quintavalle

February 29, 2008
A judge ordered a ¢150 million ($300,000) bond placed on Italian Matteo Quintavalle, the former aspiring soccer mogul accused of committing a multi-million- dollar real estate fraud.
Court spokeswoman María Isabel Hernández said Quintavalle’s lawyers immediately appealed the bond, set on Feb. 14.
“The judge has to resolve the issue as soon as possible,” she said. “If the judge confirms the bond, Quintavalle has to pay it immediately or face arrest. If he pays after his arrest, he would be freed.”
Quintavalle has yet to be indicted in the now 7-month-old case. He was arrested in July after more than 80 investors alleged he defrauded them of over $12 million for real estate developments on the Pacific coast.
The alleged con man was freed from preventive prison in December to get a tummy-tuck operation, a potential cure for his type-II diabetes.
 
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