Terra Towers, Corp. has circulated a response press release following an announcement made by Peppertree Capital Management related to an arbitration award in the long-running dispute over the control of Continental Towers, a portfolio of telecom properties across numerous Latin American countries.
Apparently, Peppertree violated a federal court by issuing the press release, Terra argues, and then shares further detail that appears to indicate that the arbitration panel is attempting to order actions involving an imprisoned executive, Jorge Gaitan, which would represent a crime in Guatemala.
It is highly unusual for a panel under the auspices of the American Arbitration Association/International Centre for Dispute Resolution to appear to endorse an accused criminal currently being held in prison, and seek to force him into control of the company – however this dispute has featured a series of back-and-forth accusations, including allegations of bias by the arbitration panel.
The statement reads:
The management of Terra Towers, Corp. has become aware that the Peppertree Capital Management, Inc. (“Peppertree”) has issued a press release through their legal representatives UB Greensfelder dated March 27, 2025 which stands in direct violation of federal court orders issued in New York, the arbitral procedural orders, and the agreements among parties.
In compliance with these orders and procedure, Terra Towers is unable at this time to directly address the inaccuracies and false claims being communicated by Peppertree in violation of the court.
Terra Towers is deeply committed to abiding to all its legal obligations related to this dispute and to avoid any breach of criminal laws.
As has been reported on public record, throughout the dispute there have already been a long series of criminal investigations, some of which have resulted in indictments and arrest warrants issued against several individuals in several jurisdictions.
Interpol was requested to detain these individuals, including Mr. Jorge Gaitan Castro, a former executive in Continental Towers. Following his arrest at the request of the authorities of El Salvador, the courts in Guatemala are currently going through the extradition process, and there is also a separate arrest order from Guatemalan courts for other criminal investigations.
There have also been rulings by the Supreme Court of El Salvador related to this dispute, and Terra Towers remains committed to abiding to all court orders.
These criminal investigations, indictments, and arrests are being carried out by the relevant prosecutorial authorities and attorneys general in the respective jurisdictions. Attempts by parties to portray the detention of Mr. Gaitan as a civil matter are misleading and factually incorrect.
In recognition of the court orders in the United States, Guatemala, and El Salvador, Terra Towers remains fully committed to upholding and complying with its legal obligations concerning the matter referenced by Peppertree in their press release.
![Terry Rozier pleads not guilty to sports betting charges By Reuters December 8, 20257:45 PM GMT-4Updated 3 hours ago Item 1 of 3 Terry Rozier, a guard with the NBA's Miami Heat, departs the Brooklyn Federal courthouse, after entering a plea in a criminal case alleging he shared non-public information with sports bettors ahead of games, in Brooklyn, New York, U.S., December 8, 2025. REUTERS/Eduardo Munoz [1/3]Terry Rozier, a guard with the NBA's Miami Heat, departs the Brooklyn Federal courthouse, after entering a plea in a criminal case alleging he shared non-public information with sports bettors ahead of games, in Brooklyn, New York, U.S., December 8, 2025. REUTERS/Eduardo Munoz Purchase Licensing Rights, opens new tab December 8 - Facing federal wire fraud and money laundering conspiracy charges for his alleged role in an illegal sports gambling scheme, Miami Heat guard Terry Rozier pleaded not guilty in federal court Monday in New York. Rozier, 31, was released on a $3 million bond. Rozier's co-defendant, Deniro Laster, also appeared in court and pleaded not guilty. He was released on $50,000 bond. He and Rozier were arrested in October in connection with a federal investigation into illicit gambling. Advertisement · Scroll to continue In an indictment from the U.S. Justice Department, Rozier was accused of tipping off Laster that he planned to leave a game for the Charlotte Hornets game early by feigning an injury. Laster and other conspirators then used that knowledge to "place and direct more than $200,000 in wagers predicting Rozier's ‘under' statistics (i.e., that Rozier would underperform)." The NBA had previously investigated suspicious prop bets placed on Rozier's unders in 2023 but did not find evidence he had violated league rules. The league placed Rozier on leave following the indictment and his arrest. An investigation into Rozier has been underway since a March 23, 2023, game when Rozier played for the Hornets. Sportsbooks reported unusual betting activities on prop bets -- all on the under -- in a game Rozier left after 10 minutes, claiming a foot injury. Advertisement · Scroll to continue The indictment alleges Rozier made it known to associates that he would depart the game early, and more than $200,000 was wagered on the under, with a share of the winnings given to Rozier. With the next status update on the case set for March 3, Rozier's lawyer, Jim Trusty, told reporters he plans to file a motion for dismissal Tuesday. Evan Corcoran, Laster's lawyer, said he would likely do the same for his client. Trusty went on to say that he will meet with the NBA in an arbitration hearing on Dec. 17, per The Athletic, to contest that Rozier's leave is unpaid. The guard was placed on unpaid leave by the league one week after he was arrested, which caused the National Basketball Players Association to file a grievance with the league. Rozier entered the league as a first-round draft pick of the Boston Celtics in 2015. He is playing this season on the final year of a four-year, $96.3 million deal he signed with the Hornets and has $160.4 million in career earnings, according to Spotrac.](https://arbitrationmonitor.com/wp-content/uploads/terry-rozier-sports-150x150.avif)
