A Nassau County homebuilder was arrested for fraud. Customers say his company took their money and ran

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Nassau County Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

A Nassau County home builder has been arrested and is facing 12 charges related to construction fraud.

The contracts between The Reed Group and their customers required a 15% deposit and had a 365-day completion deadline. Many paid well over 15% after the warrant said Reed “induced” victims to pay for additional draws before work was completed. Investigators also said that there isn’t any proof Reed used the funds from his customers entirely for the construction of their homes.

 

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Belgique Dernières Nouvelles, Belgique Actualités