A Southeast businessman has been arrested for an alleged fraud scheme. New York State Police received several complaints from customers of R&D Flooring, dating back to September.
An investigation determined that 62-year old Raymond Demayo took thousands of dollars in payment from victims, and never performed any work or services in return. He was charged Tuesday with five grand larceny counts and felony scheme to defraud. Demayo was arraigned and ordered held at Putnam County Jail on bond for a March 13th court appearance.
State Police believe there may be additional victims and the investigation is ongoing.