Word: ricas
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...fraud suit is now before the courts; it seeks to halt further plundering from Investors Overseas Services. If this civil action is successful, the decision could well become the basis for a criminal suit against Vesco. Meanwhile, he is believed to be living in comfort in Costa Rica (see BUSINESS) and planning to become a citizen of that country...
...brought by the U.S. Securities and Exchange Commission. Investigations of his activities have forced him to move his operations outside the regulatory reach of one country after another, from Switzerland, through France to the Bahamas. Now Vesco is trying to gain a beachhead for his operations in tiny Costa Rica and, as usual, his efforts are making waves...
...Costa Rica has the potential of becoming a kind of financial Shangri-La for Vesco, and he has taken pains to win over some of the country's most powerful politicians. According to the SEC, one of the I.O.S. funds, IIT, has made an unsecured loan of $2,150,000 to Sociedad Agricola y Industrial San Cristobal, a firm founded and still partly owned by Costa Rican President José ("Don Pepe") Figueres. Says Figueres: "Vesco's investments here are very secure and creative. I can't understand the fuss." I.O.S.'s Fund of Funds allegedly...
Meanwhile, Vesco goes on establishing himself in Costa Rica. Crateloads of furniture have arrived in San José from I.O.S. offices in France. Vesco has been granted a provisional Costa Rican passport and, according to Figueres, he intends to renounce U.S. citizenship. He has rented a chalet in a wooded area on the outskirts of San José and parks his private plane -a Boeing 707-at the San José airport. Yet for Vesco, the relentlessly ambitious son of a Detroit auto worker, San José, with no stock market and less than a dozen banks, is a pale...
...fire to split the irreplaceable sculptures into fragments for easy transport. In March 1971, Archaeologist Ian Graham, a research fellow in Middle American archaeology at Harvard's Peabody Museum, entered La Naya, a Mayan site in Guatemala; looters opened fire, killing his guide Pedro Sierra. In Costa Rica, says Dr. Dwight Heath of Brown University, who spent a Fulbright year there in 1968-69, "One percent of the labor force was involved in illicit traffic in antiquities-which means there are more bootleggers in that little country than there are professional archaeologists in the whole world...