Jacob Ostreicher, a New York City businessman, arrives for his hearing at a local courthouse in Santa Cruz, Bolivia, Friday Sept. 9, 2011
Santa Cruz, Bolivia - Jacob Ostreicher, A New York City businessman, was returned to his prison cell this past Friday Sept. 9 after learning his hearing was postponed until Wednesday Sept. 14.
A Brooklyn businessman who’s been locked up in a notorious Bolivian prison since June is hoping for a reprieve from his nightmare today -- when a judge decides whether he can be bailed out.
Jacob Ostreicher, an Orthodox Jew from Borough Park, is being held on charges of laundering drug money. He claims he was framed by a business associate and railroaded by corrupt prosecutors.
“It frightens me to hell I may celebrate Rosh Hashanah in Palmasola prison,” he told The Post.
In 2008, Ostreicher, his Swiss money manager, Andre Zolty, and others invested $20 million in Bolivian cattle and rice fields. They hired Zolty’s Colombian contact, Claudia Liliana Rodriguez Espitia, to manage.
Ostreicher’s wife, Miriam Unger, said Espitia embezzled money and invested it with her boyfriend’s brother, a drug trafficker. Ostreicher, 52, filed a criminal complaint and Espitia was indicted.
When he went to Bolivia to give a deposition, he was told he was being held until he could prove where his money came from.
Unger says she has papers proving the money was kosher.