STAFFORD – Two men formed a repair company and charged more than $2 million for repairs that were never completed, according to the Ocean County Prosecutor’s Office.
Jonathan Price, 41, of Manahawkin, and Scott Cowan, 57, of Demarest, were both arrested recently and charged with Second Degree Theft by Failure to Make Required Disposition of Property (Funds).
According to a press release, the Price Home Group was formed in February 2013, a few months after Sandy. They entered into contracts with 31 homeowners and a subcontractor to make repairs, but did little to no work on the houses. They collected more than $2 million in their scheme from May of 2013 to September of 2015.
Prosecutor Bradley Billhimer thanked the Stafford Township Police Department, Little Egg Harbor Police Department, Toms River Township Police Department, Long Beach Township Police Department, Ocean County Department of Consumer Affairs, and the New Jersey Division of Consumer Affairs for assisting the Ocean County Prosecutor’s Office Economic Crimes Unit in conducting the investigation.
The prosecutor’s office reminded readers that all defendants are innocent until proven guilty beyond a reasonable doubt in a court of law.