• Squaremouth travel insurance button 468x106
  • Tico Travel Surfing
  • Costa Rica Coffee Guide
  • Costa Rica Real Estate

Police raid offices, home of US real estate mogul accused of fraud

June 11, 2014

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 studies international response to Nicaraguan coronavirus inaction
Central America
78 views
Central America
78 views

Costa Rica studies international response to Nicaraguan coronavirus inaction

AFP and The Tico Times - April 6, 2020

Costa Rica is studying international actions to monitor Nicaragua's response to the novel coronavirus, as the government has not ordered…

Costa Rica adds 19 more coronavirus cases; 16 total patients have recovered
Costa Rica
9684 views
Costa Rica
9684 views

Costa Rica adds 19 more coronavirus cases; 16 total patients have recovered

The Tico Times - April 5, 2020

Costa Rica has confirmed 454 total cases of the novel coronavirus, the Health Ministry announced Sunday afternoon. The figure marks…

News briefs: Google data shows effects of Costa Rica’s social distancing
Costa Rica
2726 views
Costa Rica
2726 views

News briefs: Google data shows effects of Costa Rica’s social distancing

Alejandro Zúñiga - April 5, 2020

The coronavirus pandemic has impacted daily life in Costa Rica, which has declared a State of Emergency and enacted sweeping…

Do NOT follow this link or you will be banned from the site!