Rehoboth Beach Man Arrested for Construction Fraud - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Written by Kye Parsons

Rehoboth Beach Man Arrested for Construction Fraud

Curtis M. Ricketts Curtis M. Ricketts

07/07/2008 3 PM ET

REHOBOTH BEACH, Del.- Delaware State Police on Monday arrested a 45-year-old Rehoboth Beach man for new construction home fraud.

Police say they were contacted in April of this year by a 53-year-old Westmont, N.J. resident who reported a possible new construction home fraud case.

Investigators determined that the victim entered into a contract with Curtis M. Ricketts, who is the owner of Oasis Property Development, L.L.C.

According to police, on Jan. 8, 2006 the victim entered into a contract with Ricketts of which consisted of the construction of a 2,913-square-foot home at Bay View Road. Police say that during the course of the contract, Ricketts entered into several subcontracts with many separate companies in which he failed to pay them for their services and/or failed to complete the work after receiving several draws of money for the construction.

Police say the total amount of money defrauded was $62,251.38.

As a result of the police investigation, Sussex County Superior Court indicted Ricketts on June 13 for one count of new home construction fraud less then $100,000 and 10 counts of improper retention of contractor funds.

Ricketts turned himself in to detectives at Troop 4 on Monday. He was released after posting an $11,000 unsecured bond.

Detectives are asking anyone else who believes he or she has been defrauded by Ricketts to contact Detective Scott Gray at (302) 856-5850, ext. 227.


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