Cops: Developer Pocketed $410K From Buyer For Condo In Project That Was Never Built; Faces Grand Theft Charges After Allegedly Refusing To Refund Cash

In Flagler Beach, Florida, WJXT-TV Channel 4 reports:

• A Flagler Beach developer was arrested [...] on a charge of grand theft in excess of $100,000 in connection with a fraudulent real estate purchase. John Boback Sr., 51, is accused of taking $410,000 from a Marco Island man in the sale of a condominium on North Oceanshore Boulevard. Investigators said although Boback received the money, the man who purchased the condo received only a deed for the unit, and the structure was never built.

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• In October 2009, South Florida resident Patrick Lyons, 55, told investigators that between August and December 2006, he paid Boback for a condominium unit that was to be part of a professional complex on State Road A1A. Lyons said when he realized the property had not been developed, Boback would not refund his money, investigators said. The property is presently in foreclosure. [...] "He never turned a shovel of dirt," said Cpl. Nate Flach, a detective with the Flagler County Sheriff's Office, in a news release.

For the story, see Developer Charged With Grand Theft (Man Accused Of Taking $410,000 In Condo Sale).