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Peter Ferrigan, age 56 of Amityville, faced his arraignment on Monday, Nov. 13 for the alleged scam, which lasted for three years, according to the Nassau County District Attorney.
In July 2019, Ferrigan’s company, PBF Home Improvements, LLC., entered a contract with a customer for the demolition and new construction of their home, located on Arizona Avenue in Long Beach.
Though the homeowners gave Ferrigan $852,095 to complete the project, the DA’s Office claimed that the construction was never finished.
Ferrigan’s bank records reportedly showed that he used nearly $170,000 of the homeowner’s funds for his personal use, including on other construction projects, restaurant bills, child support, tuition, and more.
He also is accused of transferring assets into his personal bank account.
Then, in September and October of 2020, Ferrigan struck again.
This time, the DA said, the funds were from a California Street construction project that began in 2017.
Ferrigan was given $268,000 solely for the construction project, which was similarly never finished.
Of that contract money, he reportedly used nearly $28,000 on things outside of the contract, including buying jewelry and airplane tickets.
“This defendant took on home improvement projects for two Long Beach residents and allegedly left them high and dry, stealing a total of nearly $200,000 of their payments without completing construction,” said Nassau County District Attorney Anne T. Donnelly.
“Homeowners should trust that their contractors are operating with integrity and will follow through on their agreements.”
Ferrigan surrendered in Mineola and is charged with grand larceny and scheme to defraud, both felony charges.
He pleaded not guilty and is due back in court on Friday, Dec. 1.
If he’s convicted, Ferrigan faces a maximum sentence of five to 15 years behind bars.
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