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Monday, February 23, 2015

Fernando Rivera pleads guilty in Ostreicher case

This just appeared in The Yeshiva World. As I told on this blog come time ago, the corruption was at the local level and not in La Paz. The government is going after those who treated Jacob Ostreicher badly, and this whole situation would have turned out better had not clowns like Sean Penn gotten involved, some accusing the La Paz administration for the local problems.

A Bolivian judge has sentenced to three years in prison the most senior government official known to be involved in the extortion ring that preyed on U.S. businessman Jacob Ostreicher. Fernando Rivera was sentenced Monday after pleading guilty to abuse of authority and racketeering. The former Interior Ministry legal affairs chief has been in jail since November

He is the eighth former official, including three ex-prosecutors, to get a reduced sentence after pleading guilty to roles in the ring that fleeced Ostreicher while he was jailed for 18 months in a money-laundering probe. Ostreicher fled Bolivia in December 2013 after corrupt officials bled dry the $25 million rice-farming investment he was trying to salvage. Prosecutors never presented evidence that the New York man was laundering money - See more at:

http://www.theyeshivaworld.com/news/headlines-breaking-stories/284889/eight-bolivian-official-sentenced-for-extorting-jacob-ostreicher.html#sthash.C6Hg3IZa.dpuf