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

  • 📰 wjxt4
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nassau County News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 246. in CA

Canada Canada Latest News, Canada Canada Headlines