November 18th, 2014 (InsideCostaRica.com) Accused high-yield investment fraudster, Luis Milanes shuttered his casinos at the Europa and Radisson hotels in downtown San Jose, firing all 220 staff members.
Milanes, a 63-year-old Cuban American accused of defrauding some 500 mostly American and Canadian investors out of $46 million when his Costa Rica-based high-yield investment program, Savings Unlimited closed down 11 years ago, will face a criminal trial in July of next year after failing to comply with the terms of a settlement agreement with his alleged victims.
Neither Milanes nor the hotels’ management have issued any formal statement regarding the closures. Several phone calls made by Inside Costa Rica to the Hotel Europa were immediately disconnected after being answered.
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