re: BR contractor Matt Morris indicted on 135 counts of fraud so far

quote:

---

Wiley said have now been tied to the contractor, but he said the most heinous crime came after Morris first bonded out of jail last month and allegedly borrowed money from a bank using what he alleges people owed him as collateral.

"So now, this bank is sending letters to all of these victims once again saying, 'You don't owe him anymore.

---

I hope this guy goes away forever,

I think some banks may have some explaining to do. he convinced banks to factor his receivables without the homeowners authorization? typically the bank wants verification that the work is completed and satisfactory before processing payment. Usually you can only do this after work is done. Contractors do this if they are cash strapped between job finishing and the time it takes to process payments or draws...