Real Estate Developer Arrested On Fraud Charge
Developer John Boback, Sr. of Flagler Beach is accused of taking $410,000 from a Marco Island man to build a condominium on property at located on North Oceanshore Blvd. The 51-year-old Flagler County developer was arrested this week and accused of grand theft in what authorities called a fraudulent real-estate purchase.
The buyer said he was told the condo was to be part of a larger professional complex. But investigators say it was never built. Buyer Patrick Lyons, 55, told investigators all he ever received was a deed. Now the property is in foreclosure. Lyons tried but couldn’t get Boback to refund his money.
Boback was booked into the Flagler County Inmate Facility and was released after posting $50,000 bond.
Categories: Theft