LIVE UPDATES: Ostreicher’s 30th Hearing


3:00 PM – Click for the PDF of the letter sent late last week by nine Congressmen to the President of Bolivia on behalf of Mr. Jacob Ostreicher. The cosigners include Christopher H. Smith (R. NJ), Nydia M. Velazquez (D. NY), Eliot L. Engel (D. NY), Jerrold Nadler (D. NY), Connie Mack (R. FL), Robert L. Turner (R. NY), Ileana Ros-Lehtinen (R. FL, Chair Foreign Relations Committy), Ann Marie Buerkle (R. NY) and Tom Marino (R. PA)

12:48 PMReport: Ostreicher’s Rice May Have Been Donated to Cuba after Hurricane Sandy

12:30 PM – Dov Hikind Praises Recent Developments in Ostreicher Case

12:05 – Oxigeno Bolivia reports that According to Jacob Ostreicher’s attorney Yimmy Montaño the house arrest will apply every day from 10:00 pm to 6:00 am, allowing him to conduct business as normal during the day time. The 100,000 bail has been paid. Ostreicher must report every 15 days to the prosecutor.

11:45 – Jacob being Wheeled out of court under Heavy security escorted by the CDA Larry Memmott

11:10 –  Leading Bolivian Media Outlets report that Ostreicher is sentenced released to house arrest and bail was set at 100,000 Bolivianos (Not US Dollars) which equals to $14,265.30 US Dollars.

11:05 – Unconfirmed sources reporting that he is still remanded to House arrest in Bolivia.

11:00 – Bolivian sources Say the Bail was set at $100,000 Dollars, but Gestetner Updates has not yet independently confirmed it.

10:45 – JACOB IS OUT ON BAIL. Details to follow.

10:30 –  Reports that Prosecutors claim that there are inconsistencies with Jacob Ostreicher’s marriage documents, they claim to have documents indicating that he was married in Bolivia.

The defense argues that these documents were manufactured and forged by the Network of Corrupt officials.

9:35 – After about an hour delay waiting for a helmet The hearing has started.

9:17 – After Death Threats that Jacob Ostreicher Will not make it to the court house alive, a bullet proof helmet has been added to his protective gear, and his security detail, has intensified by far.

9:15 – Heavy Security Tailing the ambulance where Jacob Ostreicher is being transported to court.

9:01 – Media Circus and security outside the court house.

1:36 AMEldeber reports: Jimmy Montaño, Jacob Ostreicher’s lawyer, informed the media that family members of Jacob Ostreicher will be present at the hearing.

Click here for full coverage of the Ostreicher Case

12/18/2012 1:39 AM by Mark Hirshberg

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