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Re: Pond Builder Scammed Me
Steve_ #527327 11/05/20 11:46 AM
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I believe I would attempt tp file a lien om his equipment


It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.

Without a sense of urgency, Nothing ever gets done.

Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
Re: Pond Builder Scammed Me
Steve_ #527330 11/05/20 12:14 PM
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Dave,
The op said the scammer has no assets. He rents equipment.

Re: Pond Builder Scammed Me
Steve_ #527332 11/05/20 02:14 PM
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That is correct.

Re: Pond Builder Scammed Me
Steve_ #527335 11/05/20 06:04 PM
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I'm shocked that a guy like that was bonded. You'll probably get your money back (at least part of it) if he's a bonded contractor.

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Re: Pond Builder Scammed Me
Steve_ #527349 11/06/20 09:00 AM
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It all depends on how much the limit of his bond is, and who gets paid out of it first.

Re: Pond Builder Scammed Me
John Fitzgerald #527358 11/06/20 02:47 PM
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Originally Posted by John Fitzgerald
It all depends on how much the limit of his bond is, and who gets paid out of it first.

One of the victims I'm talking to said it was for $1 million but I haven't been able to verify it.

Re: Pond Builder Scammed Me
Steve_ #527360 11/06/20 03:22 PM
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That's a huge surety bond for a single operator. Maybe it's just liability insurance, in case he hurts someone with the equipment, or fells a tree on someone, things of that sort.

Re: Pond Builder Scammed Me
John Fitzgerald #527387 11/07/20 03:40 PM
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Originally Posted by John Fitzgerald
That's a huge surety bond for a single operator. Maybe it's just liability insurance, in case he hurts someone with the equipment, or fells a tree on someone, things of that sort.
JF, I am with you on that one, Id guess he might have a mil in liability insurance but the chances of him having a mil in a surety bond is slim to non, that is an expensive insurance and this fellow doesn't seem to be the type to have that, or the character that any insurance company would even issue one to,, I hope Im wrong for Steve's benefit.
Again, I wish him way better luck then Im afraid of.


All the really good ideas I've ever had came to me while I was milking a cow.
Re: Pond Builder Scammed Me
Steve_ #527402 11/08/20 06:09 AM
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I hope he does some hard time


It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.

Without a sense of urgency, Nothing ever gets done.

Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
Re: Pond Builder Scammed Me
Dave Davidson1 #527410 11/08/20 12:59 PM
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Originally Posted by Dave Davidson1
I hope he does some hard time
I think nothing will happen to him. Bad people get away with stuff like that. I have little to no faith in the system.

Re: Pond Builder Scammed Me
Steve_ #527423 11/09/20 05:30 AM
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Agree John


It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.

Without a sense of urgency, Nothing ever gets done.

Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
Re: Pond Builder Scammed Me
Steve_ #527788 11/19/20 07:32 PM
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Final update on this: I Finally heard back from this guy's insurance company and they said my claim isn't covered. She said it doesn't cover "intent," whatever that means. I'm assuming it doesn't cover intent to damage or defraud me, only "accidental" damage. At least, that's what I took away from it.

Back to the drawing board.

Re: Pond Builder Scammed Me
Steve_ #527799 11/20/20 07:08 AM
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Sorry to hear that.

Re: Pond Builder Scammed Me
Steve_ #528366 12/02/20 10:16 AM
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Sorry to hear about the outcome on this. Being in the equipment business (we own a rental company) you meet all kinds of characters and learn how to spot the shady ones (most of the time). I would be hesitant on the original builder you are thinking of bringing back as well. If you can't get in touch with him when you are trying to give him business, imagine how quick he will be to call you back when something goes wrong.

My grandfather built ponds for decades as part of his business. A large portion of those were when he did not win the bid, and got called back because the person/company who did, could not deliver what they promised. I hope you find a way to get this done and behind you.

Last edited by MWCEO; 12/02/20 10:17 AM.

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Re: Pond Builder Scammed Me
MWCEO #529484 01/06/21 06:04 PM
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At this time, I don't have the funds to complete the job. Thinking about a home equity loan at some point. We bought our house for a few thousand less than what it was appraised at, so we instantly started off with some equity, or at least thats how I understand it. Right now I have about an 8' deep hole thats probably 10'x10'. Its held water since it was dug. Might throw some minnows in it, or some BG to mess around with, when it clears up (if it clears up - its surrounded by piles of clay/dirt that keep re-muddying the water every time it rains). We'll see what the future holds... I haven't given up yet.

Re: Pond Builder Scammed Me
Steve_ #529486 01/06/21 10:39 PM
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Is your water level staying 8' deep? If so and all they did was dig a hole and it stays full, then you could try renting a skid steer for a weekend and see how much bigger you can make it and if it will still hold water.


Bob


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Re: Pond Builder Scammed Me
Steve_ #529489 01/07/21 04:30 AM
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I would take a deep breath and take your time. You are in an unfortunate situation, but think things through before throwing more money at it. Adding some FHM should not hurt, but don't let your frustration get the better of you. As someone who has been through what you went through, I truly wish you the best.

Re: Pond Builder Scammed Me
Steve_ #529501 01/07/21 03:17 PM
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RAH is right, you'll be better off if you take your time and think things over. I also understand that sometimes it is hard to wait and you want something to play with while you wait. If you just have to have something to play with now maybe make something that can be used as a sediment/forage pond later.

Last edited by Bobbss; 01/07/21 03:18 PM.

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Re: Pond Builder Scammed Me
Bobbss #529503 01/07/21 05:30 PM
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Originally Posted by Bobbss
Is your water level staying 8' deep? If so and all they did was dig a hole and it stays full, then you could try renting a skid steer for a weekend and see how much bigger you can make it and if it will still hold water.

Yeah, it has held water and never dropped once. I'm pretty sure there's a spring in the bottom of it, or at least that's what the felon/scammer/A-hole told me. It's just really muddy due to the surrounding terrain being exposed dirt/clay. The skid steer isn't a bad idea, of course, I've never operated one before. I'll see how my finances are in 6-9 months and maybe have a plan put together for a new fall dig.

@RAH, thank you sir. As you know, my ultimate goal is to be able to raise blue cats and the hole I have now is too small for that.

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Re: Pond Builder Scammed Me
Steve_ #529509 01/08/21 04:32 AM
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Looks like I will to try and catch my stocker blue cats. Cannot find a source near me. My water is still too infertile to add any predators right now anyway. That will change as leaves blow in and plants get established.

Re: Pond Builder Scammed Me
Steve_ #529542 01/09/21 11:20 AM
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Re reading all of this and have come to a conclusion. There is a shortage of butt whuppins and way to much government and lawyering.


It's not about the fish. It's about the pond. Take care of the pond and the fish will be fine. PB subscriber since before it was in color.

Without a sense of urgency, Nothing ever gets done.

Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley Rancher and Farmer Muleshoe Texas 1892-1985 RIP
2 members like this: Steve_, RStringer
Re: Pond Builder Scammed Me
Steve_ #529552 01/09/21 04:04 PM
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Yes tht fella is one REAL good ass whipping away from straighten up his ack.


The people who say I can't do it can just sit the @^#% down and watch me. Friends call me Rusto I also subscribe to pond boss mag. http://forums.pondboss.com/ubbthreads.php?ubb=showflat&Number=504716#Post504716
1 member likes this: Steve_
Re: Pond Builder Scammed Me
Steve_ #529643 01/13/21 09:23 AM
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Just an idea: When we financed our pond, it was strictly from savings re-financing the house. We dropped the interest from 6.8% down to 3.99% or something like that, and also reduced the length from 30yr to 15yr at the 7yr mark (so we get done 8 years sooner). In the process, we increased the loan over the remaining balance to cover some projects we wanted to do to the house. The leftovers from those projects built the pond. It wasn't an equity line of credit.

Our payments went up $150 per month, but we wound up saving more than $80K at the end of the term vs. the 30yr even with the extra money withdrawn of $20K. Win-win, and amazing how much money you give the bank to loan you money for 30 years.

Last edited by liquidsquid; 01/13/21 09:23 AM.
Re: Pond Builder Scammed Me
liquidsquid #529661 01/13/21 04:55 PM
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Originally Posted by liquidsquid
Just an idea: When we financed our pond, it was strictly from savings re-financing the house. We dropped the interest from 6.8% down to 3.99% or something like that, and also reduced the length from 30yr to 15yr at the 7yr mark (so we get done 8 years sooner). In the process, we increased the loan over the remaining balance to cover some projects we wanted to do to the house. The leftovers from those projects built the pond. It wasn't an equity line of credit.

Our payments went up $150 per month, but we wound up saving more than $80K at the end of the term vs. the 30yr even with the extra money withdrawn of $20K. Win-win, and amazing how much money you give the bank to loan you money for 30 years.

Wow, glad that worked out for you. I'm definitely interested in doing something like that (a re-fi over another line of credit).

Re: Pond Builder Scammed Me
Steve_ #529672 01/14/21 10:16 AM
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Of note, a little off topic: We purchased our house for $146K back in 2001, a hell of a deal/steal. If we stuck with the original mortgage, we would have paid about $180K in interest, More than the value of the house at purchase time. Back in 2001, it was our first house, and we couldn't get a reasonable interest rate.

Go here to fart around with various loan parameters:
https://usmortgagecalculator.org/

So original loan at 6.8% over 30 year would have cost me $180K
Same loan a 3.99% would have cost me $94K
Dropping to 15 year at 3.99% would cost me $43K

So from original to now not considering the 7 years stuck on the crap loan it would be a $137K pond! Out here, I would need more than 16 acres to support that.

1 member likes this: Steve_
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