02/25/2024
Even Captain Sandy got hosed by this guy. If you build a home a home YOU NEED A REALTOR who knows the “tea” about the builders service and quality of builds in the area.
Don’t get hosed. No one likes to be splashed.
On February 22, 2024, Spencer Calvert was arrested and charged with embezzling and misappropriating more than $100k in construction funds, first degree grand larceny of $100k or more, and organized scheme to defraud. Calvert is the owner of Pineapple Corporation and was in contract with customers to build several homes in Nocatee's Vista neighborhood. The victims purchased lots from Calvert between 2019-2023, that were ultimately left abandoned and incomplete. Thirteen initial victims came forward and reported their experience to SJSO Property Crimes Unit detectives.
Detectives initiated an investigation with assistance from investigators from the State Attorney, Florida's 7th Circuit and learned Calvert received millions of dollars in deposits from customers to build their custom homes and misappropriated over $15,000,000. Additionally, Calvert failed to pay subcontractors with the funds provided by the victims for labor, services, or materials provided which caused more than $900,000 in liens to be filed against the victims. Calvert is accused of knowingly and intentionally accepting deposits and abandoning the project without any attempt to refund or correct the situation.
Following the arrest, SJSO detectives executed a search warrant at Calvert’s home with assistance from the Jacksonville Sheriff’s Office and have continued to work through the night and into the morning collecting evidence. This is an active investigation, further details will be released when appropriate.
“I’m proud of our Property Crimes Unit detectives, who worked tirelessly for those who have been financially devastated by this crime. This is a challenging case that involves a suspect who used his position of trust to defraud our citizens, many of them using life savings to provide a home for their family. The St. Johns County Sheriff’s Office is committed to assist the victims as we continue our investigation.” -Sheriff Rob Hardwick