Could Costa Rica Become the “Poster Child” of Bitcoins Users?

About a year and a half ago I made my first Bitcoin (the controversial digital currency) transaction and several weeks ago another one. People have asked me, "Why?" My answer was simple, "To see what it was all about." In the last several months, I have been following the outcome of the Bitcoin ETF Backers Winklevoss Twins, who were made famous by suing Facebook founder, Mark … [Read more...]

Attorneys Win, Investors Lose in Costa Rica’s Villalobos Suit

We posted back in Aug, 2009 (Government Get Sued) and Dec, 2009 (Investors Suing Costa Rica Government)  thats when the Canadian investors formed a group  to sue the government of Costa Rica in an attempted to recoup money lost in the Villalobos Ponzi scheme they would probably  lose ... they did in arbitration this past week. About 200 creditors had organized (out of the 6000 who had … [Read more...]

Villalobos Investors Suing Costa Rica Government Over Ponzi Scam

Since about 1984 I have pretty much followed the infamous Villalobos brother’s Ponzi scheme of high investment returns who  defrauded clients–mostly American and Canadian retirees–out of $400 million in a 20-odd-year unregulated loan scheme that started in the late 1980s. They promised interest rates of 3% per month on a minimum investment of $10,000. Villalobos moved money through shell … [Read more...]