Two Laurel developers have been indicted in connection with failure to pay contracts, misappropriating deposits on homes in the Village of Cinderberry and Canal Woods and defrauding County Bank for more than $10 million in construction loans.
A grand jury indicted Robin James, 58, and Pamela James, 57, owners of Circle J Builders on Sept. 22.
The Attorney General’s Consumer Protection Unit began investigating Circle J Builders in July 2010 after receiving a complaint from a homebuyer, said Attorney General Beau Biden in a press release. In order to secure construction loans, Biden said, the James' falsified paperwork by fraudulently claiming they paid contractors for completed work. Investigators also said the James' misappropriated deposits from nine homebuyers - seven from the Village of Cinderberry and two from Canal Woods - ranging in cost from $15,000 to more than $200,000.
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