Home builder sent to jail for fraud

The president of Cobalt Homes, Brian Brady, is in the Salt Lake County Jail serving a 90 day sentence for defrauding homeowners and subcontractors...Brady pleaded guilty to four third-degree felony counts of communications fraud. Home builder sent to jail for fraud

Reported by: Terry Wood

DRAPER, Utah (ABC 4 News) - The president of Cobalt Homes, Brian Brady, is in the Salt Lake County Jail serving a 90 day sentence for defrauding homeowners and subcontractors.



Bradys trouble began several years ago when he started developing homes on the mountainside in Draper.



People who bought the homes suddenly found themselves with numerous liens placed by subcontractors Brady had not paid.



When ABC 4 caught up with Brady, he promised to pay the subcontractors, get the liens removed and make the homeowners happy. He did not follow through on those promises.



Brady pleaded guilty to four third-degree felony counts of communications fraud.



Court documents say Brady used money that should have paid subcontractors to pay for elective surgery for his wife, his daughters wedding expenses, new trucks for his sons, dinners and other personal expenses.



Bradys office manager, Melissa Lynnea Brunner, also pleaded guilty to four Class A misdemeanor counts of attempted communications fraud. She was sentenced to 3 years of supervised probation and ordered to pay more than 130-thousand dollars restitution.



Brady must also pay restitution...more that 320-thousand dollars. http://www.abc4.com/news/local/story.aspx?content_id=22aad0ae-fc1c-4f88-b77a-a5d680b00fef