LAWSUITS NEWS & LEGAL INFORMATION
Homes Never Built
Collier County, FL: (Apr-17-08) The Florida Attorney General's Office brought a lawsuit against Richard Leli Jr., owner of Richard Leli Homes Inc., a Collier County builder, alleging that he took deposits for homes he never built. The suit stated that the builder allegedly wrote more than 100 contracts for homes that were not completed or never built. Court papers indicate that the estimated amount that customers were owed was at least $1,625,075. One buyer is owed as much as $212,000. Lawyers representing the AG's office stated that Leli's customers included local residents and out-of-towners from as far away as CA and HI. Some were investors hoping to turn a profit on the homes, while others hoped to live the proverbial American Dream, in them.
In a settlement reached between the two sides, state officials said that Richard Leli Jr. agreed to a $1.6 million payout to resolve allegations with the Florida Attorney General's Office. Under the terms of the deal, Leli must surrender his construction licenses and any other professional licenses he has in FL. He will no longer be allowed to build in the state, or engage in any business that accepts advance deposits. The court judgment stated that the deal would allow consumers to seek up to $50,000 per claim from the state's Construction Industries Recovery Fund, which gets its money from a half cent charge on building permits. Richard Leli Jr. has filed for bankruptcy. [NAPLES DAILY NEWS: COLLIER HOMEBUILDER MUST PAY CUSTOMERS BACK $1.6 MILLION]
Published on Apr-21-08
In a settlement reached between the two sides, state officials said that Richard Leli Jr. agreed to a $1.6 million payout to resolve allegations with the Florida Attorney General's Office. Under the terms of the deal, Leli must surrender his construction licenses and any other professional licenses he has in FL. He will no longer be allowed to build in the state, or engage in any business that accepts advance deposits. The court judgment stated that the deal would allow consumers to seek up to $50,000 per claim from the state's Construction Industries Recovery Fund, which gets its money from a half cent charge on building permits. Richard Leli Jr. has filed for bankruptcy. [
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