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Re: MelvinCostaRica post# 30920

Sunday, 08/02/2015 12:47:07 PM

Sunday, August 02, 2015 12:47:07 PM

Post# of 50866
Hi Melvin. Can you update on the status of your former employer and the OTHM merger partner Pat Hundley?

Is he still awaiting adjudication on the 7 million in fraud charges?

Thanks in advance.

Allegedly, the investors signed contracts and began making monthly payments of up to $500,000 for a year and a half, with the promise that they would become shareholders in a corporation holding the property after the $7 million was raised and the purchase was made. The investors say they have never received their shares.



Furthermore, prosecutors say Hundley failed to inform investors that the property in question was tied up in the courts as part of a divorce trial between its former owner, now deceased, and the man’s former wife.



Hundley is being charged with fraudulent administration, punishable by up to 10 years in prison.



http://insidecostarica.com/2014/07/18/hundley-condominium-owners-revolt-start-new-management-firm/

http://www.wzzm13.com/story/news/local/2014/07/04/costa-rica-hundley-jail/12227141/

http://www.wzzm13.com/story/news/investigations/13-on-your-side/watchdog/2014/03/06/patrick-hundley-costa-rica/6138547/

Hundley maintains his innocence. Again, what is the status of this case?

http://www.costaricantimes.com/day-stars-patrick-hundley-writes-a-letter-from-prison/28912

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