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Published on January 24, 2025
New Port Richey Realty Owner Arrested for Allegedly Embezzling Over $300K from ClientsSource: Unsplash/ Giorgio Trovato

In New Port Richey, Florida, Michael Bundy, owner of Sunista Realty, has been arrested following accusations of misappropriating client funds exceeding $300,000. The local real estate professional, who managed properties and collected rent for clients, is believed to have diverted these funds from escrow accounts for his personal use. As reported by WFLA, surveillance footage played a pivotal role in capturing evidence of Bundy’s alleged transactions.

A total of 26 victims have been identified by the New Port Richey Police Department, with losses to date significantly amounting over $360,000. However, authorities estimate the total stolen could easily exceed $1.5 million. According to a statement by the New Port Richey Police Department, Bundy was charged with Scheme to Defraud over $100,000 and Grand Theft, with potential for additional charges as the investigation proceeds to thoroughly uncover every aspect of the fraud.

Bundy, whose date of birth is listed as 12/22/1961, was taken into custody without incident at a New Port Richey address, as per information provided by Pasco News Online. The New Port Richey Police are urging community members who suspect they may be victims of Bundy's operations to come forward. Individuals with any information or concerns are encouraged to contact the department at 727-841-4550.

Tampa-Crime & Emergencies