Steven Cole Custom Homes & Remodeling One of Cape Cods Finest Builders
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In the course of the sale, Cole represented to the buyer that the company was making money, with profits of about $125,000 annually for the past three years. However, records from Cole's tax returns indicated that he represented to the Internal Revenue Service that he was losing money every year, with a loss of over $400,000 in the last three years. During the hearing Monday, one witness testified that, last March, Cole sold him his outdoors and hunting business for more than $400,000. However, records from Cole’s tax returns indicated that he represented to the Internal Revenue Service that he was losing money every year, with a loss of more than $400,000 in the last three years. Brian Reiff had an entrepreneurial/entrepreneurial Studies degree from Southern Illinois University, Carbondale.
Building permit records show that Cole Luxury Homes has worked on 11 permitted projects. Unlock this free profileto update company info and see who's viewing your profile. We have built bridges, carved driveways out of mountain sides, and worked with public utility companies to direct services to remote construction sites. "On the original offense, essentially, Mr. Cole was using our victim's money to fund his lifestyle," Assistant District Attorney Jeff Swain said. "Among other things, he was using her money to pay for his auto racing expenses. Towson also found that Cole violated other probation restrictions by repeatedly traveling out of state without permission and by failing to tell the probation officer where he was working and living.
Honoring them: Palo Pinto County holds Angel Tr…
Our free bidding system will get you quotes from Cole Luxury Homes and 2 other top contractors. Explore our recently completed projects by clicking on either picture shown below. Two other victims from 2002 and 2008 testified that Cole embezzled from them related to construction projects, with amounts totaling over a million dollars.
We want our customers to feel satisfied with the result, which is why we ensure that we keep all our customers in the loop throughout the process. No job is too big or small for us; we have the capacity to handle a big commercial project and work within your budget of one-room projects. The best way to use BuildZoom is to let us recommend contractors for your remodeling projects.
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The fraud came to light after seven liens totaling about $100,000 were filed against the dealership. In 2014, a contractor, Mr. Alexander, was convicted and sentenced to three years in prison for making a false statement to obtain property or credit. Alexander was the general contractor for a company that was hired to oversee construction for a used car dealership in Fort Worth. We are very detail-oriented and minutely examine every single aspect to ensure that work is thorough and build to last.
He was convicted and placed on probation with deferred adjudication for misapplication of fiduciary property over $200,000 and ordered to pay over $1 million in restitution. The purpose of the Act is to protect those furnishing labor or materials for the construction or repair of property by requiring that funds are held in trust for all parties in the construction chain. The thought is that because most of the money builders receive from owners is typically owed to others – subcontractors and vendors – the builder holds the money in trust for those to whom it is owed.
Embezzling homebuilder's probation revoked; man sentenced to 50 years in prison
"I haven't seen a sentence like this with a white-collar crime but I also think these are unprecedented facts," Swain said. "We hadn't had a defendant stealing this much money in Parker County that we had a deferred adjudication on, so it was unprecedented in a number of ways." When prosecutors presented their evidence, Judge Craig Towson wasn't happy. Because Cole pleaded guilty to a first-degree felony, he could have been sentenced from five to 99 years. They said Cole used victims' money to buy a house in Florida and even a BMW and a Porsche. A judge delayed sentencing him, placed him on probation and ordered him to pay back his victims.
TypeContractorAccording to the The City of Keller, TX, the status of this license was at one point cancelled. TypeBuildingAccording to the The City of Colleyville, TX, the status of this license was at one point cancelled. If you are thinking of hiring Cole Luxury Homes, we recommend double-checking their license status with the license board and using our bidding system to get competitive quotes. Recognized as one of Cape Cod’s finest builders, Steven Cole Custom Homes & Remodeling combines meticulous attention to detail, clear communication, and expert craftsmanship with more than 30 years of experience. We understand that every homeowner has unique aspirations, and we treat every project as one of a kind. Through our collaborative approach, we work with our clients to elevate the appearance, comfort, use, and efficiency of their home, and deliver the home they’ve always wanted.
Because of the depth of information and severity of the consequences for builders, we’ll explore this topic in two articles. This article will deal with what trust funds are, and the consequences for the misapplication of those funds. BuildZoom combines license information on 3.5 million contractors with 270 million building permits, and over 135,000 reviews from property owners.
In his previous positions, he has worked with line of business technology and business growth. He has three years of experience of working with the systems, technology, organization and growth of the company.He has experience in both technical and interpersonal work. He has exceptional technical abilities in area of Network Systems Administration, which include significant experience and expertise in systems Administration for large multinational organizations - a critical absence for many current IT Directors. He also has excellent interpersonal abilities, which he demonstrates by being able to develop strong relationships with his co-workers and clients. He succeeds in communicating effectively, and has a knack for timing his interventions just right.He has experience in both technical and interpersonal work.
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There is no financial or criminal background check performed on general contractors by the TDLR. The State's Department of Public Safety does maintain a publicly accessible database so you can run your own background check prior to hiring. "I'm thankful that Judge Towson took such a strong stand against white collar crime," Pruett said. During the hearing Monday, one witness testified that, last March, Cole sold him his outdoors and hunting business for over $400,000.
Two other victims from 2002 and 2008 testified that Cole embezzled from them related to construction projects, with amounts totaling more than a million dollars. When considering complaint information, please take into account the company's size and volume of transactions, and understand that the nature of complaints and a firm's responses to them are often more important than the number of complaints. If you are looking for remodeling ideas, you can browse hundreds of beautiful photos of work performed by our general contractors. If you hire a contractor through BuildZoom, that contractor is accountable to us. We can enforce standards of behavior, mediate disputes, and guarantee satisfaction.
Our team has built and remodeled hundreds of Colorado homes and commercial buildings valued at well over fifty million dollars. Building and remodeling across the South Metro Denver Area, we strive to get the job done right the first time, on schedule and on budget. “It is builders like Mr. Cole that make things more difficult for the legitimate, upstanding builders across our state. People are rightly skeptical and wary because con artists posing as homebuilders are a real problem. That is really unfortunate because most in the construction business are upstanding folks making people’s dream homes become a reality,” Swain said.
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