State Attorney: Construction fraud becoming ‘disturbing trend’ in ‘target rich’ St. Johns

Spencer Calvert, who owns The Pineapple Corporation, was arrested Feb. 22 and accused of misappropriating over $15 million.

  • By Marilyn Parker | News4Jax
  • | 1:40 p.m. February 26, 2024
  • | 0 Free Articles Remaining!
Spencer Calvert, The Pineapple Corporation president, and the unfinished house of Capt. Sandy Yawn. Calvert was arrested Feb. 22 in Jacksonville.
Spencer Calvert, The Pineapple Corporation president, and the unfinished house of Capt. Sandy Yawn. Calvert was arrested Feb. 22 in Jacksonville.
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Seventh Judicial Circuit State Attorney R.J. Larizza said Feb. 26 that fast-growing St. Johns County, which has new communities popping up all over, has become a target-rich environment for construction fraud.

Larizza held a morning news conference to detail the arrest of a St. Johns County builder who was accused of abandoning projects in Nocatee. 

Spencer Calvert, who owns The Pineapple Corporation, was arrested Feb. 22 and charged with embezzling construction funds, grand larceny of $100,000 or more and organized scheme to defraud. The SAO has seized 66 boxes of documents, 14 computers and cellphones from The Pineapple Corporation, which Larizza said was once a reputable company. 

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