Friday, April 01, 2016

Upstate NY Homebuilder Owner Gets 2 To 6 Years For Failing To Deposit Customer's Construction Money Into State-Required Escrow Account, Putting Pocketed Loot Towards Personal Uses Instead

In Rochester, New York, the Democrat & Chronicle reports:
  • The owner of a construction company who stole money from one of his customers was sentenced [] to two to six years in state prison.

    John Cahoon, 36, owner of Cahoon Construction Company, was convicted of third-degree larceny in February.

    Authorities said Cahoon stole money from an Ogden man who contracted Cahoon's company to build a house. The man made payments to the company for the construction but the funds were never placed in an escrow account as required by law. Instead, Cahoon used the funds for his personal use, authorities said.

    A restitution hearing is scheduled for April 28.

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