Jacob Ostreicher Freed on Bail in Bolivia

Jewish Businessman Had Been Imprisoned for 18 Months

By Nathan Guttman

Published December 18, 2012.
  • Print
  • Share Share

New York businessman Jacob Ostreicher, who has been jailed in Bolivia for 18 months, was released on Tuesday on bail at the order of a judge.

Jacob Ostreicher
getty images
Jacob Ostreicher

The judge, Eneas Gentilli ordered Ostreicher to post a bail equal to $14,400 and to stay in house arrest within the city of Santa Cruz. According to the Associated Press, upon hearing the ruling Ostreicher hugged his wife and the lawyers representing him.

An Orthodox Jew from Brooklyn, Ostreicher, 54, became a partner in a Bolivian rice growing venture and after suspicion was raised that the local manager of the project was stealing money, he went to Bolivia to attend to the business. Shortly after, Ostreicher was arrested and accused of money laundering, but authorities have yet to file formal charges against him. Ostreicher spent the past 18 months in Bolivia, first in a prison notorious for its violence and in recent weeks in a medical facility.

The opening for his release came following the arrest of ten Bolivian officials who were involved with Ostreicher’s case. They were accused with trying to extort Ostreicher and steal his profits. Following the corruption investigation, a Bolivian court ordered a renewed examination of the evidence and on Tuesday a ruling was made granting Ostreicher release on bail until his trial takes place.

“I am thrilled to hear that, after more than 18 harrowing months in prison, my constituent Jacob Ostreicher has finally been freed on bail,” said New York Congressman Jerrold Nadler, following the release of his constituent. New Jersey Congressman Chris Smith was also active on the issue and travelled to Bolivia in attempt to convince authorities to release Ostreicher.

It is still not clear if and when the Bolivian prosecution will file charges against Ostreicher, who will not be allowed back to the United States before the legal proceedings are completed.


The Jewish Daily Forward welcomes reader comments in order to promote thoughtful discussion on issues of importance to the Jewish community. In the interest of maintaining a civil forum, The Jewish Daily Forwardrequires that all commenters be appropriately respectful toward our writers, other commenters and the subjects of the articles. Vigorous debate and reasoned critique are welcome; name-calling and personal invective are not. While we generally do not seek to edit or actively moderate comments, our spam filter prevents most links and certain key words from being posted and The Jewish Daily Forward reserves the right to remove comments for any reason.





Find us on Facebook!
  • When is a legume not necessarily a legume? Philologos has the answer.
  • "Sometime in my childhood, I realized that the Exodus wasn’t as remote or as faceless as I thought it was, because I knew a former slave. His name was Hersh Nemes, and he was my grandfather." Share this moving Passover essay!
  • Getting ready for Seder? Chag Sameach! http://jd.fo/q3LO2
  • "We are not so far removed from the tragedies of the past, and as Jews sit down to the Seder meal, this event is a teachable moment of how the hatred of Jews-as-Other is still alive and well. It is not realistic to be complacent."
  • Aperitif Cocktail, Tequila Shot, Tom Collins or Vodka Soda — Which son do you relate to?
  • Elvis craved bacon on tour. Michael Jackson craved matzo ball soup. We've got the recipe.
  • This is the face of hatred.
  • What could be wrong with a bunch of guys kicking back with a steak and a couple of beers and talking about the Seder? Try everything. #ManSeder
  • BREAKING: Smirking killer singled out Jews for death in suburban Kansas City rampage. 3 die in bloody rampage at JCC and retirement home.
  • Real exodus? For Mimi Minsky, it's screaming kids and demanding hubby on way down to Miami, not matzo in the desert.
  • The real heroines of Passover prep aren't even Jewish. But the holiday couldn't happen without them.
  • Is Handel’s ‘Messiah’ an anti-Semitic screed?
  • Meet the Master of the Matzo Ball.
  • Pierre Dulaine wants to do in his hometown of Jaffa what he did for kids in Manhattan: teach them to dance.
  • "The first time I met Mick Jagger, I said, 'Those are the tackiest shoes I’ve ever seen.'” Jewish music journalist Lisa Robinson remembers the glory days of rock in her new book, "There Goes Gravity."
  • from-cache

Would you like to receive updates about new stories?




















We will not share your e-mail address or other personal information.

Already subscribed? Manage your subscription.