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"He had the money. He had over a million dollars he could have paid back when he was on probation." Through the years, we built a thorough reputation for superior quality and customer service. Now one of North Georgia and Western North Carolina's leading design-build firms, Brown Haven Homes is transitioning from building high-end custom homes... Brian Reiff has been working as an Executive in nearly every field he has touched.
He succeeds in communicating effectively, and has a knack for timing his interventions just right. You can use our building permit search to see the contractors who are active in your neighborhood and the projects currently taking place. Urban living does not mean you have to sacrifice the quality of your home. Our extensive experience in building and remodeling luxury urban homes allows us to craft your dream without taking you away from the vibrant city living experience.
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Because of the depth of information and severity of the consequences for builders, we’ll explore this topic in two articles. This article will deal with what trust funds are, and the consequences for the misapplication of those funds. BuildZoom combines license information on 3.5 million contractors with 270 million building permits, and over 135,000 reviews from property owners.
There is no financial or criminal background check performed on general contractors by the TDLR. The State's Department of Public Safety does maintain a publicly accessible database so you can run your own background check prior to hiring. "I'm thankful that Judge Towson took such a strong stand against white collar crime," Pruett said. During the hearing Monday, one witness testified that, last March, Cole sold him his outdoors and hunting business for over $400,000.
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Two other victims from 2002 and 2008 testified that Cole embezzled from them related to construction projects, with amounts totaling more than a million dollars. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. If you are looking for remodeling ideas, you can browse hundreds of beautiful photos of work performed by our general contractors. If you hire a contractor through BuildZoom, that contractor is accountable to us. We can enforce standards of behavior, mediate disputes, and guarantee satisfaction.
Our team has built and remodeled hundreds of Colorado homes and commercial buildings valued at well over fifty million dollars. Building and remodeling across the South Metro Denver Area, we strive to get the job done right the first time, on schedule and on budget. “It is builders like Mr. Cole that make things more difficult for the legitimate, upstanding builders across our state. People are rightly skeptical and wary because con artists posing as homebuilders are a real problem. That is really unfortunate because most in the construction business are upstanding folks making people’s dream homes become a reality,” Swain said.
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If the builder misapplies trust funds amounting to $500 or more, it is a Class A Misdemeanor with a potential fine up to $4,000 and up to one year in jail. If the builder misapplies trust funds amounting to more than $500 with the “intent to defraud,” the builder could face a Third-Degree Felony with a potential fine up to $10,000 and jail confinement for no less than 2 years and no more than 10 years. Importantly, monies received that are to pay the builder’s fees are not considered trust funds. As to the money that is considered trust funds, if a builder misuses these funds, the builder can be criminally and personally liable. Instead of paying the restitution, he bought a beach house near Destin, Florida, put some money in a trust for his daughters, and bought and paid off several vehicles including a Porsche and BMW for himself and his family.
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According to the records, Cole took over a half million dollars of that money and bought a beach home near Destin, Florida, which he then put into a trust for his daughters. He also spent over $125,000 to purchase or pay off several vehicles for himself, his wife, and children, including a Porsche and a BMW. According to the records, Cole took more than a half million dollars of that money and bought a beach home near Destin, Florida, which he then put into a trust for his daughters. He also spent more than $125,000 to purchase or pay off several vehicles for himself, his wife, and children, including a Porshe and a BMW. Alexander submitted payment invoices to the dealership owner for work completed by sub-contractors, but Alexander was not fully paying the sub-contractors.
That were paid to the trustee in reliance on an All-Bills Paid Affidavit. As a matter of policy, BBB does not endorse any product, service or business. If you choose to do business with this business, please let the business know that you contacted BBB for a BBB Business Profile.
The fraud came to light after seven liens totaling about $100,000 were filed against the dealership. In 2014, a contractor, Mr. Alexander, was convicted and sentenced to three years in prison for making a false statement to obtain property or credit. Alexander was the general contractor for a company that was hired to oversee construction for a used car dealership in Fort Worth. We are very detail-oriented and minutely examine every single aspect to ensure that work is thorough and build to last.
The Texas Department of Licensing and Regulation regulates HVAC and electrical contractors. You should verify their license status on the TDLR Website before hiring. General contractors and home builders are not licensed so you should do additional research before hiring one. Joseph Charles "Chuck" Cole, 55, of Maypearl, was placed on deferred adjudication in May 2018 for misapplication of fiduciary property over $200,000, a first degree felony.
He was convicted and placed on probation with deferred adjudication for misapplication of fiduciary property over $200,000 and ordered to pay over $1 million in restitution. The purpose of the Act is to protect those furnishing labor or materials for the construction or repair of property by requiring that funds are held in trust for all parties in the construction chain. The thought is that because most of the money builders receive from owners is typically owed to others – subcontractors and vendors – the builder holds the money in trust for those to whom it is owed.
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