Police raid offices, home of US real estate mogul accused of fraud
On Tuesday afternoon, Judicial Investigation Police (OIJ) raided the offices of U.S. real estate developer Patrick Vincent Hundley, currently serving two months preventative detention for an alleged $7 million fraud, according to the daily La Nación.
Erick Ramos, the defendant’s attorney, told the newspaper that only two documents were retrieved, copies of which were already in the prosecutor’s possession.
Authorities arrested Hundley, a prominent real estate developer and former owner of the Jacó Rays soccer club, on Feb. 17 after he allegedly defrauded five foreign investors of millions of dollars when he convinced them to invest in a property in Jacó, a popular tourist beach destination.
According to the allegation, Hundley, a Costa Rican resident, offered to help the foreign investors avoid fictitious fees by purchasing land for a real estate development through his company. The plaintiffs claimed that they signed an agreement with Hundley promising to add their names as shareholders for the 15,850 square-meter property after paying the developer $7 million. Plaintiffs claim Hundley took their money without providing shares in the new company.
OIJ also raided the offices of two notaries connected to the case who are serving one month preventative detention.
You may be interested
Costa Rica coronavirus updates for Monday, August 10Alejandro Zúñiga - August 10, 2020
Costa Rica announced nine new coronavirus-related deaths over the past day for a total of 244, according to official data…
Costa Rica has entered its Closed Phase. Here’s what’s openAlejandro Zúñiga - August 10, 2020
Costa Rica continues changing coronavirus restrictions. In order to better identify and control coronavirus outbreaks, Costa Rica has entered a…
Costa Rica inaugurates new facilities at Chirripó National ParkAlejandro Zúñiga - August 10, 2020
The Costa Rican Presidency last week inaugurated new facilities at Chirripó National Park. The improvements to base camp at Costa…