SEO Description: Read about the Tampa-based pool company that has been shut down and its owner banned for life after leaving hundreds of swimming pools unfinished. Learn more about the deceptive trade practices and the legal actions taken.
Introduction: Florida’s attorney general has taken drastic action against a Tampa-based pool company, Olympus Pools, and its owner, James Staten Jr. The company has been shut down, and Staten has been banned for life from applying for a contractor or business license. This article delves into the deceptive trade practices employed by Olympus Pools, leaving numerous swimming pools unfinished in the Tampa area.
Body: In a recent consent judgment in Hillsborough County, James Staten Jr. and Olympus Pools agreed to the lifetime business ban and a significant financial penalty of over $1.4 million. The order revealed that Olympus Pools engaged in unfair and deceptive trade practices, including misrepresenting project timelines and accepting upfront payments without completing the work as promised.
Following local news reports and multiple complaints about unfinished projects, Attorney General Ashley Moody filed a lawsuit against Staten and his company in late 2021. While Moody initially sought a $10 million judgment, a settlement of $1 million was reached through the ongoing bankruptcy proceedings.
Despite the settlement, homeowners affected by the unfinished pools expressed dissatisfaction, claiming significant financial losses. Some homeowners believe that Staten received a lenient punishment for his actions. However, Moody reassured homeowners that they might have the opportunity to recover some funds through Florida’s Homeowner Construction Recovery Fund.
It remains unclear if Olympus Pools had liability insurance, builders’ risk insurance, or directors and officers insurance to mitigate the financial impact on affected homeowners.
Conclusion: The Tampa-based pool company, Olympus Pools, and its owner, James Staten Jr., have faced severe consequences for leaving hundreds of swimming pools unfinished. With a lifetime business ban and substantial financial penalties, the company’s deceptive trade practices have been addressed. Homeowners affected by this scandal may have avenues for recovering some funds through the Homeowner Construction Recovery Fund. This case highlights the importance of transparency and accountability in the construction industry.
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