State Attorney R.J. Larizza is set to hold a news conference Monday morning to detail the arrest of St. Johns County builder who was accused of abandoning projects in Nocatee.
– State Attorney R.J. Larizza on Monday said fast-growing St. Johns County, which has new communities popping up all over, has become a target-rich environment for construction fraud.. Spencer Calvert, who owns Pineapple Corporation, was arrested Thursday and charged with embezzling construction funds, grand larceny of $100,000 or more and organized scheme to defraud.
“Northeast Florida, as you well know, is a very popular destination. It’s become more and more popular, folks are moving here, hence we have folks like the Pineapple Corporation building homes and making nice communities,” Larizza said. “The problem is it’s a target-rich environment. Sometimes it’s it’s fueled by greed. Sometimes it’s fueled by just incompetence, or sometimes other circumstances.
“Some of you may be going well where is the money? Well, that’s part of our investigation, and you can rest assured that we’re gonna get to the bottom, but what I can tell you right now is where the money didn’t go. It didn’t go to the subcontractors, and it didn’t go to the completion of these homes,” Larizza said.
The Sheriff’s Office said Calvert, 51, also failed to pay subcontractors and that caused more than $900,000 in liens to be filed against the alleged victims.earlier this month they’re now out hundreds of thousands of dollars. In some cases, homeowners were left with just a concrete slab.. Yawn said the home she and her partner paid $1.6 million for has been sitting unfinished and now has cracks in the foundation.
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