Calvert was arrested in February and accused of misappropriating over $15 million. He was charged with embezzling construction funds, grand larceny, and organized scheme to defraud.
After hearing arguments from both parties, the judge ultimately said he needed more time to decide on whether or not these cases will go to arbitration.More than a dozen hopeful homebuyers had big plans to relocate their families to Florida and build custom dream homes in a Nocatee neighborhood.“It was our dream to come to Florida and it’s just been a bit of a nightmare,” Sparta said.Construction fraud becoming ‘disturbing trend’ in ‘target rich’ St.
While the state is pursuing criminal charges against Calvert, nine victims have filed suit against Calvert personally to try and recoup some of the money they lost. All Pineapple Corporation contracts included an arbitration clause in the event of a dispute between the homebuilder and the homeowner. But there are provisions in the contract Calvert did not honor himself, namely, “that construction would be completed by the end of 2023.″