Mark Montalto, the owner of the now defunct Port St. Lucie Properties was arrested Wednesday morning, the Port St. Lucie Police Department (PSLPD) said in a news release.
United States Marshals Task Force detained Montalto, 61, at about 10 a.m. at his place of employment located at 11500 SW Kanner Hwy in Martin County. Police said the arrest stems from an outstanding warrant from PSLPD for various property crimes relating to an investigation that lasted nearly two years.
WATCH PREVIOUS COVERAGE BELOW: Homebuilder accused of grand theft, not completing projects
Treasure Coast homebuilder accused of grand theft, not completing projects
Montalto faces 46 criminal counts, including 17 charges of grand theft, three counts of theft from persons over 65 years of age and one count of racketeering…