SANTA FE (KRQE) - A Santa Fe homebuilder accused of cheating dozens and stealing millions years ago is now facing charges of embezzlement and fraud.
News 13 investigative reporter Larry Barker told the story about William Kalinowski in May.
Now, Kalinowski's been indicted despite earlier claims from the state there was not enough evidence to charge him.
Contractors, home buyers and investors say they lost a lot of money because of Kalinowski.
The prize-winning homebuilder took their money for a housing project outside Santa Fe but never built the houses or gave the money back before moving to Massachusetts.
“He really, he screwed up a lot of people,” said Stefan Lark, a mortgage broker.
Another real estate broker, Michael D'Alfonso, said, "The damages, the people that were hurt, all the businesses that had to close because of him."
D’Alfonso and Lark ended up in bankruptcy, and in 2008, filed a complaint with the State Regulation and Licensing Department, or RLD.
The agency collected a lot of evidence, but D’Aflonso and Lark were surprised to find no action taken.
Current RLD Superintendent Dee Dennis claimed there was no evidence of fraud, and that a bad economy was to blame.
But after Larry Barker started asking questions, the investigation was re-launched.
On Tuesday, a Santa Fe County grand jury indicted Kalinowski on 10 counts of embezzlement and fraud of more than $20,000.
"I'm elated,” Lark said. “After five years of frustration and an up and down rollercoaster ride, I'm very happy they're going to do something about this.”
D'Alfonso said, “Having the opportunity to see [Kalinowski] in court and facing these charges… it'll feel good. There'll be some redemption."
He is expecting to get that opportunity on Oct. 7 when Kalinowski is scheduled to appear in court for his arraignment.
Kalinowski faces 10 second-degree felony counts, each carrying a maximum penalty of nine years in prison.
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