"Prove It" Say Florida Builders Accused Of Grand Theft; Allegedly Pocketed $475K In Customer Deposits While Failing To Deliver Completed Homes

In Vero Beach, Florida, TC Palm reports:

• Two developers of a unfinished subdivision north of Vero Beach pleaded not guilty to criminal charges of first degree grand theft of $475,000 in deposits from customers, according to court records. Construction of Eagle Trace Phase II was stopped last year, leaving empty lots and unfinished concrete block walls.

• And developers Richard Rendina, 60, of Palm Beach Gardens, and Stephen Siegel, 72, of Boca Raton, are out of jail — under $500,000 bail each. Prosecutors allege they improperly took deposits from 11 customers who paid on homes, according to court files.

For more, see Two developers plead not guilty to theft charges in Eagle Trace case (Prosecutors claim Richard Rendina, Stephen Siegel took $475,000 in construction deposits).

For other posts on homeowners left in the lurch due to actions by builders/contractors, go here, go here, go here, and go here. StiffingContractorsZeta