Jacob Ostreicher, Date of Birth, Place of Birth

Jacob Ostreicher

American businessman held without charges in Bolivian prison

Date of Birth: 07-Feb-1959

Place of Birth: Brooklyn, New York, United States

Profession: entrepreneur

Nationality: United States

Zodiac Sign: Aquarius

Jacob Ostreicher (born February 7, 1959) is an American businessman and investor.
In June 2011, he was arrested in Santa Cruz, Bolivia, while overseeing a rice growing agricultural venture that he had invested in, and was jailed for 18 months on suspicion of money laundering, though he was never formally charged.
Ostreicher maintained his innocence and stated that the allegations by the Bolivian government were "the scam of the century".
His family and friends initiated a public effort to plea for his release, and actor-activist Sean Penn visited Ostreicher in Bolivia and pledged to work for his release. On December 18, 2012, Ostreicher was released from prison on $14,000 bail and placed under house arrest.
Bolivian officials were later arrested for what authorities state was an extortion ring.
On December 16, 2013, Ostreicher arrived in the United States after 30 months in Bolivia.
It was unclear how he managed to flee the country.