March 29, 2024
RIVERTON, New Jersey (WPVI) — A New Jersey contractor is behind bars after he allegedly took $75,000 as a down payment for a construction project but failed to perform any work.

Dan and Meghan Foley spoke with Action News outside their Riverton home on Thursday, where they’ve lived for about five years.

They planned to add a second floor onto their home last year, but in December, they went to the police.

“He basically just took the money and walked away,” said Dan. “Never started the project. Never gave any intention of starting the project.”

“I think he had had the money for at least 30 days and he hadn’t scheduled anything, hadn’t ordered anything. No progress was happening at that point,” Meghan said.

Police say the contractor they hired, 51-year-old Richard Smith of Beyond Renovations LLC, took the money from the Foleys without doing any work.

Instead, investigators say he purchased a boat, a fake Rolex watch and gambled in Atlantic City.

The Foleys say they thought they did their homework, reading online reviews and asking for references.

“He gave us a list of other properties he was working on so we could drive by and see how it was going. And everything seemed great and he had some happy customers,” said Meghan Foley.

Investigators say after Smith received payment from the Foleys, he changed the name of his company to ARB Builders Group.

Action News spoke to Smith’s former fiancĂ© and business partner on Thursday who said she had no idea this was allegedly going on.

She…

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