According to LegalNewsLine, a Ventnor, New Jersey couple charged with a fraudulent modular investment opportunity agreed to pay $35,000 in restitution and civil penalties by Aug. 31 as a settlement. As announced by NJ Attorney General Jeffrey Chiesa, if the defendants, Dennis and Maria Bracall, miss the deadline they and their company will have to pay $60,000. MHProNews.com has learned the Bracall’s allegedly represented to two investors their company, Pro-Tech Custom Modular Homes, Inc., would build ten luxury modular homes on land they owned. The investors allegedly paid $125,000 each and were told they would earn $17,500 on their investment. None of the money was returned to the investors, according to the settlement, and the Bracall’s allegedly owned only two of the lots.
(Photo credit: LegalNewsLine—NJ Attorney Gen. Jeffrey Chisea)