JACO, Costa Rica (WZZM) -- A former West Michigan man is facing charges he committed $7 million in real estate fraud in Costa Rica.
13 On Your Side has learned Patrick Hundley graduated from Grandville High School, attended Aquinas College, and had several mortgage and real-estate companies here in West Michigan. He is now living in Costa Rica and facing fraud charges.
Hundley is the founder of DayStar properties in Jaco, Costa Rica. According to the local newspaper La Nacion, Hundley is is accused of defrauding five foreign investors out of $7 million they paid for a piece of property in Jaco. Those investors say that there was never a transfer of shares or the property, as promised.
Hundley is a well-known developer in the Jaco area. He was arrested in February and is being charged with administrative fraud, punishable by up to 10 years in prison. Prosecutors say a settlement could be reached.
13 On Your Side contacted DayStar properties for comment on the case, but we have not heard back.