Builder Pleads Guilty to $8M Fraud | Jacksonville News

A Florida home builder, Spencer Calvert, just pleaded guilty to 45 felony counts of fraud, allegedly stealing over $8 million from 15 victims—including even reality TV stars—by taking their construction money and vanishing. As president of Pineapple Corporation, he’s now facing a $8.7 million restitution order, with $1 million due at sentencing, and could face up to five years in prison. The State Attorney’s Office will use any recovered property to pay victims, and he’s back in court July 14th—another sobering reminder of how devastating broken trust in homebuilding can be. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/701139804449d853