Jacob Ostreicher (original) (raw)

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.