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Real Estate & Property Law

: The Home Equity Theft Reporter

Florida Developers Cop Plea To Grand Theft Charges; Accused Of Pocketing $475K Of Customer Cash, Failing To Deliver

By r morris

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In Vero Beach, Florida, TC Palm reports: Two developers of an unfinished subdivision north of Vero Beach pleaded no contest to criminal charges of first-degree grand theft of $475,000 in deposits from customers at the Indian River Courthouse on Wednesday.Developer Richard Rendina of Palm Beach Gardens agreed to pay $80,000 in restitution in addition to serving five years probation. [...] Stephen

Full post as published by The Home Equity Theft Reporter on December 05, 2008 (boomark / email).

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