Jacob Ostreicher jailed in Bolivia freed on bail!

Jacob Ostreicher, an Orthodox Jew from the Unites States, who was jailed in Bolivia, was released on bail, according to official reports.

After 18 months of wrongful imprisonment in Bolivia, Jacob Ostreicher, was released today on bail.

Assemblyman Dov Hikind (D-Brooklyn), a confidant and defender of the Ostreicher family after the imprisonment of Jacob Ostreicher, called the occasion "the beginning of the end of the nightmare for Jacob Ostreicher.” The court issued its order today, according to reports. Ostreicher has been cooperating with authorities who took down several prominent figures since his arrest, according to reports.

"This is the first good news we have received in relation to Ostreicher, and we are all very optimistic," Hikind said. "We hope that Jacob will be reunited with his family in Brooklyn, New York, soon. I could not be prouder of our community to be involved with the Ostreichers for everything they do and constantly keep in mind his situation. We are all still praying. Almighty hears us," Hikind added.

Ostreicher family members are currently in Bolivia, where he has reportedly been sentenced to house arrest with bail set at 100,000 bolivianos or $14,265.30.