Word: vesco
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...absence of a formal agreement, nations are not obligated to turn over fugitives to each other. The U.S. and Russia do not have an extradition treaty, which led many dissidents to defect to America and seek political asylum during the Cold War. Fugitive U.S. financier Bobby Vesco allegedly stole $224 million from a Swiss mutual fund but avoided detection for years by hopping between Caribbean islands that did not have extradition laws (and once even tried buy his own island). And Lebanon's Mohammed Ali Hammadi, wanted in the for murdering a U.S. Navy passenger during the 1985 hijacking...
DECLARED DEAD With a track record that reads like a movie script, American swindler Robert Vesco successfully evaded the U.S. justice system for more than 25 years. Perhaps most infamous for allegedly scamming investors out of more than $200 million during the 1970s, Vesco fled the U.S. in 1972, on the run from charges ranging from looting to drug trafficking. His fraud finally caught up with him when a Cuban court sentenced him to prison for more than a decade for marketing a bogus pill to cure cancer and AIDS. A recently discovered burial record confirmed his death in November...
Since fleeing the U.S. in 1972, Robert Vesco, 49, has reportedly been in Costa Rica, the Bahamas, Antigua and Nicaragua. Last week Cuban President Fidel Castro confirmed a news report that his country was Vesco's latest host. But Castro ridiculed speculation that the fugitive American financier was being held against his will. Castro told a news conference in Havana that Vesco arrived in Cuba three years ago seeking medical treatment for an unknown ailment. He is wanted in the U.S. in connection with a $224 million fraud case involving Investors Overseas Services Ltd. and for allegedly making an illegal...
Castro claimed to know nothing of Vesco's finances or movements. He charged that the CIA had spread the story about Vesco's hideout, declaring that "they may want to gouge out his eyes, strangle him, make him into ground meat." The Cuban President was especially piqued because the renewed interest in Vesco stole attention from Castro's call for Latin American countries to repudiate their collective foreign debt, which totals some $360 billion. BOLIVIA Sour Smell of Success...
Thankfully, there is justice for some. Robert Vesco left the U.S. in 1972 after looting a mutual fund of $224 million and making an illegal $200,000 donation to Richard Nixon's campaign. He eventually found refuge in Cuba, only to be jailed by that government in 1996 for marketing an unproved cancer drug...