In a significant development in the case of a Nocatee builder accused of defrauding clients, the State Attorney’s Office has confirmed that plea negotiations are currently in progress. The builder, Spencer Calvert, is at the center of allegations involving the misappropriation of nearly $18 million from his clients.
In Nocatee, Florida, a community left reeling from these accusations, homeowners are expressing their outrage at the possibility of Calvert bypassing a trial through a plea agreement. The thought of a trial held considerable appeal for them, as they felt it was a chance for their grievances to be publicly heard and validated.
“The idea of a plea deal feels like a slap in the face,” said Captain Sandy Yawn, one of the affected homeowners. “We want a trial so people can understand the extent of the damage caused. He didn’t just take money—he destroyed lives. Families have been torn apart, divorces have happened because of this. It’s not just about the $20 million he took.” Yawn’s sentiments are echoed by many in the community who have suffered losses.
Another homeowner, Brenn Krebs, shared her experience of financial devastation. She and her husband had written checks that totaled over $400,000, hoping to invest in their dream home. Instead, they were left with nothing but an empty lot, devoid of any construction or even building permits.
“It was outright theft,” Krebs stated with frustration. “There was no service provided whatsoever. We handed over money, and he disappeared with it.” The sense of betrayal felt by homeowners is palpable, as they grapple with the consequences of having trusted Calvert.
Calvert is facing serious legal charges, including three felonies related to an organized scheme to defraud. According to the arrest warrant, the investigation has identified 13 victims, with losses estimated at $18 million. As the legal proceedings continue, the community watches closely, hoping for justice and accountability.
Captain Sandy Yawn says she and her wife, Leah, paid $1.6 million to Calvert and his Pineapple Corporation. They say it was their life savings.
“And it’s gone. It’s gone,” she said.
An investigative report from the State Attorney’s Office shows Calvert’s American Express accounts included $730,000 spent on restaurants, sporting events, furniture stores, plane charters, and liquor retailers.
Records also show $19,000 spent on Jaguars tickets.
“That’s our money. That’s all of our money,” she said.
The State Attorney’s Office confirmed plea negotiations are underway but that details are not being released at this time.
“We cannot discuss details as negotiations are currently ongoing. However, we are seeking restitution for our victims, which remains a top priority,” said Haley Harrison, Public Information Officer and Community Engagement Specialist for the Office of State Attorney R.J. Larizza.
Harrison says once negotiations are complete, the case will either be resolved with a plea and sentencing or move forward to trial.
Calvert’s defense attorney, Mitch Stone, said in a statement to First Coast News that discussions with prosecutors are still ongoing and no agreement has been reached.
“We are currently evaluating an offer from the State to resolve the case. No decisions have been made at this time. Negotiations are continuing. We will be in court on February 11 to inform the court of our progress. We expect the case to be reset for trial unless we have reached an agreement by then,” said Stone, Calvert’s defense attorney.
Stone has said in defense of his client that labor and supply trouble from the pandemic hit Calvert’s business hard and he always intended to pay back the homeowners.
Next week is expected to be a critical moment for the case. On Wednesday, February 11, victims are expected to give impact statements, and the court could learn whether Calvert will accept a plea deal or take the case to trial.
The case will be heard in St. Johns County, where the court proceedings could determine the next chapter for homeowners who say their lives were upended.
Captain Sandy Yawn says public attention instigated from a First Coast News report has already made a difference.
“When your story broke, it changed everything. He has destroyed lives. My reaction is finally justice,” she said.
Still, some homeowners say justice will only be complete if Calvert serves time.
“He needs to go to jail,” says Leah Shafer, Captain Sandy’s wife.
