BALTIMORE (Legal Newsline) — Bryan Edwards Adkins and his
company Atlantic Bay Homes will pay $524,185.35 after allegations of violating
Maryland’s Consumer Protection Act, Attorney General Brian E. Frosh has
According to Frosh’s Consumer Protection Division, the
defendant entered into six contracts to build homes in Wicomico and Dorchester
Counties. After taking initial deposits, Adkins allegedly failed to start or
complete construction of the homes, pay subcontractors or refund consumers. In
two instances Frosh’s office claimed that Adkins took more than $170,000 from
consumers without providing anything of value in return.
Additionally, Adkins failed to provide protection for
consumer deposits by placing them in an escrow account or maintaining a surety
bond or letter of credit for their protection.
The payment by Adkins to settle the lawsuit includes
restitution, economic damages, and penalties and costs.
"Before any money changes hands for a new home, you
need to protect the biggest investment of your lifetime," Frosh said.
"Make sure that your home is built by a registered home builder and that
any deposits are protected by an escrow account, bond or letter of
Frosh urges consumers to check the registration status of
their builder by contacting the Division’s Home Builder Registration Unit.