"Enrique Intends to Pay", UCCR Says
In a letter to Villalobos (the Brothers) investors, the UCCR told members that  Enrique has assured them of his intention to begin the repayment of his creditors as soon as conditions permit him to do so.

The letter says that both the UCCR and Enrique have tried to explain the reason for the frequently asked question “What is it that prevents him from doing so now, if he is really serious about repayment of the debts he has acknowledged.”

The letter is the UCCR's intent to clarify the banking situation and justify the decision of Enrique to await the results of his brother’s trial.

The UCCR says that the obstacle faced is the charge of: MONEY LAUNDERING.

The letter says that money laundering is one of the three charges filed against The Brothers. "Enrique has repeatedly told us that were it not for the money laundering he could begin repayment.."

The UCCR says that Enrique has told them that as long as this accusation remains in effect he (Enrique) cannot move capital without risking the disclosure of its location and its destination – which, in turn, exposes the money to possible freezing or confiscation. If this were to happen it would be a disaster for all investors who believe that their best chance for recovery of our investments depends upon the integrity and solvency of Enrique.

To explain the situation, the UUCR explains the event of 9/11 that triggered the development of restraints on the transfer of capital throughout the international banking system. The measures were originally designed to interrupt the financing of terrorism; but they also included the tracking of movement of “dirty money” (defined as money obtained from illicit activities). Not only was the dirty money targeted but so too any income derived from the use of that money.

The investor group says that it is their belief that "our money" was positioned by Enrique in corporate bank accounts where it is safe and possibly working. As long as it remains there it enjoys a certain immunity from suspicion and the consequent threat of attachment. However, any attempt to liquidate capital and transfer the proceeds to a new owner – be it Enrique or an investor - would attract immediate attention, and the money could be regarded as tainted (i.e. dirty).

The letter to investors explains how the banking regulations since 9/11 require that corporations making wire transfers declare to whom the funds are being sent, and for what purpose. "It is highly doubtful that our money would survive the scrutiny received in such a transaction as long as there is a money laundering charge on the books. It is no wonder then that Enrique is anxious to go to court and have that charge against his brother removed. "

The UCCR also explains that the irony is that the money laundering charge is undoubtedly the weakest accusation the prosecutor has to offer. "As far as we have been able to discern, the single instance of laundering postulated by Espinoza is that of the St. Onge of “oil crew” fame. As you may recall, it is alleged that The Brothers received a deposit from St.Onge in the form of a check drawn upon his account in the Banco Nacional in Jacó. If the money was dirty (in this case obtained from the sale of narcotics), it should be obvious that the bank in Jacó had cleansed it before it ever reached the Mall San Pedro. As a matter of fact, money laundering by the Oil Crew was investigated by the Canadian government, who did not find evidence to support such a claim."

The investor group closes the letter saying that they remain convinced that Enrique knows best how the investors' money from those who would not hesitate to use current international banking regulations to their own advantage.

For more information you can contact the UCCR y email at: [email protected] or visit their website at:
http://www.ticostuff.com/uccr/