Two More Contractors Added to the Ongoing List of Sandy Fraudsters
Two more Sandy contractors have been added to the list of contractors who committed Sandy fraud.
Ocean County Prosecutor Bradley Billhimer has announced the arrests of Jonathan Price, 41, of Manahawkin, and Scott Cowan, 57, of Demarest who are charged with Second Degree Theft by Failure to Make Required Disposition of Property (Funds) Received in violation of N.J.S.A. 2C:20-9.
Price and Cowan were the owners of the now-defunct Price Home Group, LLC.
An investigation by Detectives from the Ocean County Prosecutor’s Office Economic Crimes Unit revealed that Price and Cowan established Price Home Group, LLC, in February 2013 in the aftermath of Super Storm Sandy.
From May 2013 through September 2015, Price Home Group entered into contracts with thirty-one homeowners and one subcontractor in multiple towns throughout Ocean and Atlantic Counties to repair Sandy-ravaged homes.
The investigation further revealed that despite receiving considerable compensation in excess of two-million dollars from these individuals, Price and Cowan performed little to no work on the victims’ homes and instead misappropriated the monies for their own personal use.
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