HOUSTON, T.X. — A 39-year-old Houston man has pleaded guilty to wire fraud in connection with a scheme to defraud banks and homeowners, U.S. Attorney Alamdar S. Hamdani announced.
Brett Michael Detamore, who operated as a custom home builder under Detamore Development LLC, admitted to fraudulently obtaining at least $1.5 million for personal use by misusing funds intended for the construction of private residences. Detamore pleaded guilty to a criminal information charging him with one count of wire fraud.
According to court documents, Detamore submitted false and fraudulent invoices to banks holding construction loans for single-family homes he was contracted to build. These invoices caused the banks to release funds to accounts controlled by Detamore, who then diverted the money for his personal benefit.
As part of his plea agreement, Detamore has agreed to forfeit at least $1.5 million that he illegally obtained. Sentencing is scheduled for November 5 before U.S. District Judge George C. Hanks. Detamore faces up to 20 years in federal prison, a maximum fine of $250,000, and full restitution to the victimized homeowners.
The investigation into Detamore’s fraudulent activities continues as authorities work to ensure justice for those affected by his actions.