Robert Vesco

Robert L. Vesco
Born(1935-12-04)December 4, 1935
Detroit, Michigan, U.S.
DiedNovember 23, 2007(2007-11-23) (aged 71)
Havana, Cuba
OccupationFinancier
Criminal statusDeceased
SpouseLidia Alfonso Llauger
Criminal chargeFraud, conspiracy, drug smuggling
Penalty13 years

Robert Lee Vesco (December 4, 1935 – November 23, 2007[1]) was an American criminal financier. After several years of risky investments and dubious credit dealings, Vesco was alleged to have committed securities fraud. He immediately fled the ensuing U.S. Securities and Exchange Commission investigation by living in a number of Central American and Caribbean countries.[2]

Vesco was notorious throughout his life, attempting to buy a Caribbean island from Antigua to create an autonomous country and having a national law in Costa Rica made to protect him from extradition. A 2001 Slate.com article termed Vesco "the undisputed king of the fugitive financiers."[3] After settling in Cuba during 1982, Vesco was charged with drug smuggling in 1989. During the 1990s he was indicted by the Cuban government for "fraud and illicit economic activity" and "acts prejudicial to the economic plans and contracts of the state" in 1996.[4]

Vesco was sentenced to 13 years in jail by Cuba. In November 2007 the New York Times reported that he had died of lung cancer at a hospital in Havana, Cuba, five months before,[1] although it has been suggested that he faked his death.

  1. ^ a b Lacey, M. and Kandell, J. (2008) "A Last Vanishing Act for Robert Vesco, Fugitive", New York Times. May 3, 2008. Retrieved 5/3/08.
  2. ^ Herzog, A. (1986) "Stalking Robert Vesco", CNN. Retrieved 5/3/08.
  3. ^ Noah, T. (2001) "Know Your Fugitive Financiers!", Slate.com. Retrieved 5/3/08.
  4. ^ Rohter, R. (1996) "Robert Vesco, the Fugitive Financier, Goes on Trial in Cuba on Fraud Charges", The New York Times. August 2, 1996. Retrieved 5/3/08.