United States to Extradite Fraud Suspects to Costa Rica

June 20, 2008

U.S. citizens Gerard Joseph Latullippe, 65, and Elwyn Ralph Jacobs, 82, will be extradited to Costa Rica to face charges of investment fraud, according to the daily Al Día.

Latullippe, a fugitive for more than four years, was finally during a multi-jurisdictional sting operation at his home in Hampton Beach, New Hampshire.

Latullippe is accused of operating a hedge fund that allegedly defrauded investors of nearly $100 million.

Jacobs was arrested two days later in Florida. He was sought for establishing a fake business that offered to pay off interest, as well as for an alleged plot to murder an associate by the last name Mackey.

 

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