Hmmm....Makes one wonder. Could there be a correlation here? :
http://caselaw.findlaw.com/mi-
Patrick Hundley, owner of Jaco Rays, falls alleged fraud of $ 7 million
Vincent Patrick Hundley,
president of second division Jaco Rays, was arrested by the Prosecutor of
Puntarenas due to alleged fraud in $ 7 million in damage to five foreign
investors.
As reported to the
Public Prosecutor 's Office , the U.S. would have convinced the
offended group that invested their money through it to buy a property of 15,850
square meters in the town of Jaco, Osa, Puntarenas, since otherwise , they
would come out more expensive "for being foreigners."
Apparently, investors
signed a contract and began making monthly contributions of up to $ 500,000 for
a year and a half, with the promise that in the end, when fully implemented the
$ 7 million, a corporation Hundley buy the house and foreign be part of the
shareholders of the firm, but allegedly did not happen that way.
Patrick Hundley came to
the country 12 years ago. It is known for its real estate projects in
Jaco. In 2012 he announced that he would build a stadium there $ 4.7
million.
Hundley is a recognized
entrepreneur in the Pacific for their real estate projects: Diamante del Sol,
The Pacific, Paloma Blanca, Azul Bahia, Bahia Encantada and The Palms.
In 2012, he publicly
announced that it would build Garabito Municipal Stadium for $ 4.7 million for
the World Women's Under-17.
In 2011, he was also
known for his society, CW Playco, contributed ¢ 15 million to finance the
campaign of the National Liberation Party (PLN) to the feedback of February
2010, by buying bonds of debt policy.
Property. Puntarenas
Prosecutors said the property, according to the National Register, is a
"field terraces with a building intended for food".
That property was
acquired on July 27, 2009 by Mountain Vista Jaco society, whose president is
Patrick Hundley since 2007.
In addition, the
prosecution said the alleged fraud is $ 7 million, according to the complaint
filed on July 16, 2013.
Foreign investors told
the Prosecutor that there was never a transfer of shares or endorsement Jaco
Mountain View, as promised.
Furthermore, the
prosecuting body said investors were never informed that the land they intended
to buy had a registry entry for a divorce trial in Toronto (Canada), which
contained the former owner of the farm-un outsider who died in 2010 - and his
wife.
A Hundley is credited
mismanagement offense, punishable by up to 10 years in prison. Under the
Criminal Code, this crime occurs when a person is responsible for the
management, administration or care for other people's property, and damages to
the owner, in their accounts altering prices or contract terms, assuming
operations or expenses, overstating the which he hath done, concealing or
withholding securities or abusive or wrongly using them.
Assets. On these
facts, the prosecution asked the Criminal Court of Garabito to govern their
register entry on the farm, which was held on January 27, 2014, and judicial
restraint Jaco Mountain View.
In fact, for these two
scores, Hundley and his two lawyers appeared before the prosecutor last Monday
to investigate why these entries were made, and was detained. I inquired
at about 4:50 pm
The Criminal Court
hearing will Garabito request for precautionary today at 3 pm, measures and
could discuss a settlement with the plaintiffs.
Ana Briceno,
representative of the victims, declined to discuss the case, but said: "As
this is an equity issue, our interest is to reach a settlement."
Meanwhile, Erick Ramos
defender Patrick Hundley, would not give statements.Reproduced from: http://www.nacion.com/sucesos/seguridad/Patrick-Hundley-Jaco-Rays-millones_0_1397660242.html and http://www.costaricantimes.
