The Pensacola contractor who has been arrested 7 times over the last 12 months is now facing an indictment and up to 60 years in prison. State Attorney Ginger Bowden Madden announced yesterday that Jesse LaCoste has been charged with 1st-degree felonies of Racketeering and Organized Fraud, each punishable by up to 30 years. The indictment alleges that LaCoste defrauded homeowners, insurance companies, and subcontractors or suppliers out of over $2 million dollars between June of 2018 and August of last year. In addition, he's also accused of forging applications to obtain county and state contractor licenses. LaCoste was arrested Monday and remains held on $405,000 bond. His brother-in-law Matthew Banks was indicted in April on allegations he stole over $5 million from victims.
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