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Failure to Post a Surety Bond Lands Contractor in the Slammer




In New York, where contractor’s license surety bonds are not required, a contractor was accused of bilking home homeowners.  The contractor routinely charged in advance for work, then did not complete the work. The New York Attorney General’s office stepped in and required the contractor to post a $100k performance bond prior to doing anymore residential construction work.

Two years later, the contractor is again accused of bilking homeowners and the judge was not amused.  the contractor was sentenced to 90 days in jail and ordered to pay a fine of $30,000.  Click here to read the whole story.

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