WILLIAMSON COUNTY, Texas (KXAN) — A Williamson County grand jury indicted a Georgetown homebuilder on three felony prices.
Based on the Workplace of the Legal professional Basic of Texas (OAG), 46-year-old Norman Ashby was arrested on prices of misapplication of fiduciary property (higher than $300,000), theft of providers (higher than $300,000) and tampering with a witness.
As of Friday, lawyer info for Ashby was unavailable. This text will probably be up to date if that modifications.
Williamson County court docket data confirmed the fees.
OAG stated Ashby owns Ashby Signature Houses, LLC, in Williamson County, and over a number of years, he allegedly collected tens of millions of {dollars} from clients to assemble properties within the county.
“Many of those homebuyers paid for almost the complete challenge in money—typically quantities approaching or exceeding $1,000,000. Fairly than placing the development funds right into a belief account (as required by regulation), Ashby is alleged to have comingled the client funds,” OAG stated.
Based on the workplace, the funds had been then used for private purchases and unrelated tasks.
OAG stated the alleged fraud was greater than $10 million.
The investigation stays ongoing.
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