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In a shocking turn of events, a man in Weatherford, Texas, has been arrested by Parker County Sheriff’s Criminal Investigators for his involvement in a trust fraud and theft scheme related to a local construction company. The victim had hired One Time Construction Texas, LLC., to build her house in January 2021, only to discover by July 2021 that several local subcontractors had placed liens on her property for non-payment.
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It was revealed that HVAC funds were taken from the trust account but never provided to the victim, resulting in a total of $23,762.08 in liens from various subcontractors. The owner of One Time Construction, LLC., 49-year-old Shay Allen Fretwell, was accused of diverting the funds for personal use instead of paying the subcontractors as promised.
After refusing a demand letter from the victim, Fretwell was charged with two felony counts of misapplication of trust funds and felony theft of property. He was booked into the Parker County Jail but later posted a $35,000 bond on the same day. This case serves as a reminder to always be cautious when entering into business agreements and to thoroughly vet companies before entrusting them with your hard-earned money.
Construction contractor arrested in fraud and theft scheme, not paying subcontractors or supply house with victim’s money | Texas
Construction Contractor Arrested in Fraud and Theft Scheme, Not Paying Subcontractors or Supply House with Victim’s Money | Texas
How did the fraud and theft scheme come to light?
The recent arrest of a construction contractor in Texas has shed light on a disturbing fraud and theft scheme that has left subcontractors and supply houses out of pocket. According to reports from the Texas Department of Licensing and Regulation, the contractor in question was arrested after numerous complaints were filed against him by subcontractors who had not been paid for their work. The investigation revealed that the contractor had been pocketing the money meant for these subcontractors and using it for personal gain.
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What were the consequences for the subcontractors and supply houses?
The consequences of the contractor’s actions have been devastating for the subcontractors and supply houses involved. Many of these subcontractors rely on timely payments for their work in order to cover their own expenses and keep their businesses running. Without payment from the contractor, they have been left in a precarious financial position, struggling to make ends meet and facing potential bankruptcy.
How did the contractor manage to get away with the fraud and theft for so long?
The contractor’s ability to get away with the fraud and theft for an extended period of time raises questions about the oversight and regulation of the construction industry. It appears that the contractor was able to manipulate the payment process, diverting funds meant for subcontractors and supply houses into his own accounts without detection. This highlights the need for increased transparency and accountability within the industry to prevent similar incidents from occurring in the future.
What legal actions are being taken against the contractor?
Following his arrest, the contractor is facing a range of legal charges related to fraud and theft. The Texas Department of Licensing and Regulation is working closely with law enforcement to ensure that the contractor is held accountable for his actions and that justice is served for the subcontractors and supply houses affected by his scheme. It is crucial that the contractor faces the consequences of his actions in order to send a clear message that fraud and theft will not be tolerated in the construction industry.
How can subcontractors protect themselves from similar situations in the future?
Subcontractors can protect themselves from falling victim to fraud and theft schemes by taking proactive measures to ensure that they are paid for their work. This includes carefully vetting potential contractors before entering into agreements, establishing clear payment terms in contracts, and keeping detailed records of all transactions. In addition, subcontractors should be vigilant in monitoring their finances and following up promptly on any late or missing payments to avoid being taken advantage of.
In conclusion, the arrest of the construction contractor in Texas serves as a stark reminder of the risks and challenges faced by subcontractors in the construction industry. By remaining vigilant and taking proactive steps to protect themselves, subcontractors can safeguard their businesses and prevent falling victim to fraud and theft schemes. It is essential that the industry as a whole works together to promote transparency and accountability in order to prevent similar incidents from occurring in the future.
Sources:
– Texas Department of Licensing and Regulation
– Construction Dive
– Construction Executive
