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Residents Shocked About News of Fugitive Caught in San Pedro

For one thing, it’s good to know that the local authorities and traffic department are doing their job on the island of Ambergris Caye, Belize. It was because the wanted Mexican/American fugitive David Nanes Schnitzer was found in possession of a fake driver’s license that he was discovered on the island and now apprehended by Interpol and the U.S. Marshals Service.

Forty-seven-year-old David Nanes Schnitzer, a Mexican/American businessman wanted for defrauding thousands of investors while serving as president of Stanford Group Mexico. Interpol warrant says that Schnitzer helped convicted financial criminal Allen Stanford to defraud thousands of victims of $7 Billion dollars, the largest fraud scheme in US History. Investors in this ponzi scheme were focused mainly in Latin America, including Mexico, Panama and Venezuela, and they suffered hundreds of millions of dollars in losses when Stanford’s financial empire collapsed

“David was a regular customer here at the restaurant and bar,” commented a local resident in North Ambergris Caye. “He came in daily and became a friend throughout the two years. I was shocked when I learnt this news about him! Especially his wife, she was a sweet person (At least that’s how I know her). Reminded me of Rjay who was extradited few years back whom I was roommates with! He did seem a little stressed out lately!”

David pleaded guilty on the count of his forged documents at Belize’s Magistrate’s Court; his bail was denied on the grounds that he is a flight risk and was remanded to Belize Central Prison. While Stanford has since been convicted and sentenced to a hundred and ten years in prison, there are no criminal charges pending against Nanes in the United States.  David Nanes Schnitzer is due back in court on December 9, but it is expected that Interpol and US Marshals, or Mexican Authorities will make an intervention to try to get custody of Schnitzer from the Belizean authorities.

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