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Valley Homebuilder Formally Indicted by Grand Jury

1 year 7 months 3 weeks ago Tuesday, September 17 2019 Sep 17, 2019 September 17, 2019 2:51 PM September 17, 2019 in News - Local

EDINBURG – A grand jury has formally indicted a Rio Grande Valley homebuilder.

Juan Carlos Carranza was indicted on a property theft charge.

Authorities arrested Carranza, who owns Newmark Custom Homes, back in July.

Officials say he took money from clients, but failed to finish construction.

The indictment lists eight people as alleged victims.

In total, Carranza is accused of stealing over $400,000.

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