Man sentenced in Miami for multimillion-dollar Costa Rica-based fraud scheme

By Q24N

QCOSTARICA,  via South Florida Business Journal – John White was sentenced in Miami court to five years and 10 months in prison, followed by five years of supervised release for his connection to a Costa Rica-based fraud scheme, the U.S. Department of Justice announced Wednesday.

White was one of 12 defendants charged in connection with the scheme. Nine have been convicted and two are not yet in U.S. custody. White pleaded guilty on April 29 to one count of conspiracy to commit mail and wire fraud.

Related: Canadian Sentenced In US in Costa Rica Fraud Case

White was ordered to pay $6.4 million in restitution. His attorney did not return a request for comment.
Between 2005 and 2008, White and his alleged co-conspirators caused people to buy into USA Beverages Inc., Twin Peaks Gourmet Coffee Inc., Cards-R-Us Inc., Premier Cards Inc. and The Coffee Man Inc., claiming that the investment would allow the buyers to sell coffee or … continue reading



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