A St. Johns County builder who was accused of abandoning projects in Nocatee has been arrested on multiple charges, the St. Johns County Sheriff’s Office announced on Friday.
Spencer Calvert, who owns Pineapple Corporation, was arrested Thursday and charged with embezzling construction funds, grand larceny of $100,000 or more and organized scheme to defraud.
According to investigators, Calvert got millions of dollars in deposits from customers to build their custom homes and misappropriated over $15 million. For those victims to finish building their homes with new contractors it’s going to cost over $17 million. “I’m proud of our Property Crimes Unit detectives, who worked tirelessly for those who have been financially devastated by this crime,” St. Johns County Sheriff Rob Hardwick said in a news release. “This is a challenging case that involves a suspect who used his position of trust to defraud our citizens, many of them using life savings to provide a home for their family. The St. Johns County Sheriff’s Office is committed to assist the victims as we continue our investigation.
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