Newsroom America – The president of a Costa Rican company that sold reinsurance bonds to life settlement companies has been found guilty of carrying out a half-billion-dollar fraud scheme that affected more than 2,000 victims throughout the United States and abroad.
Minor Vargas Calvo, 60, a citizen and resident of Costa Rica, is the present and majority owner of Provident Capital Indemnity (PCI) Ltd., an insurance and reinsurance company registered in the Commonwealth of Dominica and doing business in Costa Rica.
