September 16, 2021
Scam/Fraud

Wilton construction company owner gets prison time in $1M scam

SARATOGA SPRINGS – A construction company owner was sentenced to prison Wednesday and paid $100,000 in partial restitution to homebuyers, business owners and lenders he defrauded out of more than $1 million.

Shawn M. VanVeghten was sentenced to a prison term of 2 1/3 to seven years. He also signed judgments to his victims for a total of $1 million, of which he paid 10 percent immediately.

VanVeghten was arrested in September 2020 and pleaded guilty in December to money laundering and scheme to defraud, both felonies. He faced three to nine years in prison.

VanVeghten, 39, of Saratoga Springs, promised to build dream homes. But after collecting his customers’ money, he spent it on himself or on other construction jobs for which he’d previously spent the money, Attorney General Letitia James James’ office.

“New Yorkers spend their lives saving for their dream home, so those…

Read full article here: www.timesunion.com