When a general contractor failed to pay subcontractors on a retail construction project, the Stafford County Commonwealth’s Attorney brought the contractor up on criminal fraud charges.
Facing an imminent jury trial, the contractor now has agreed to pay out a total of $400,000 to resolve the case, according to The Free Lance-Star.
Contractors will get only about 40 cents on the dollar under the deal, but Commonwealth’s Attorney Ed Lustig told the paper there was no evidence of other available funds. “We consulted with most of the subcontractors,” he said. “Our feeling was this was the best deal we could get as far as giving them restitution as quickly as possible.”
-Posted by Peter Vieth