June 25, 2024

Matthew Banks, a former contractor based in Pensacola, is facing new fraud allegations related to his ongoing legal troubles over serious white collar crime accusations. He’s alleged to have swindled clients out of millions of dollars.

On June 27, the grand jury of Escambia County issued a superseding indictment, adding another fraud claim to Banks’ charges. According to this latest indictment, Banks is accused of making fraudulent statements in documents for two other companies apart from his own, Banks Construction LLC.

This action was said to have knowingly been made about the managing member for limited liability companies, specifically in relation to the Articles of Organization for 3T Construction LLC and Fourtee Construction LLC.

Despite the additional allegations, the state hasn’t imposed any new charges, according to the Chief Assistant State Attorney Bridgette Jensen. The allegations merely add to his existing charges.

Banks was initially indicted on racketeering charges and could face up to 95 years in prison. He is also accused of aggravated white collar crime, fraud, and evidence tampering and destruction. These charges also include the suspicion of having hidden or removed crucial business records of Banks Construction LLC.

Furthermore, Banks has been charged with forging public records, defrauding clients, and theft of payroll money from his own employees.

Banks was first indicted on April 4, with a press conference held the following day by State Attorney Ginger Bowden Madden. According to Bowden Madden, the aim is to bring Banks to justice for his alleged exploitation of innocent individuals.

Banks has found himself at the center of a contractor scam controversy in Escambia and Santa Rosa counties. This came to light when Jennifer Anderson, a critic of Banks, claimed that Banks’ construction company took $40,000 for a kitchen remodel and then disappeared after demolishing the kitchen.

Anderson’s case lead to the discovery of over 100 people in Escambia and Santa Rosa counties who claimed they were also defrauded by Banks Construction. This subsequently triggered an investigation by the Office of Agricultural Law Enforcement.

As the investigations continued, Banks’ restitution bill quickly ran into millions of dollars, leading to his declaration of bankruptcy in August. The Northern District of Florida bankruptcy court dismissed the case on September 14, 2022, after Banks voluntarily filed for the dismissal.

Currently, Banks is being held in Escambia County Jail without the provision of bail.

## Frequently Asked Questions

### What are the charges against Matthew Banks?
Matthew Banks, a former contractor from Pensacola, is facing several charges. These include racketeering, fraud, aggravated white collar crime, forging public records, and theft of payroll money from his employees. He is also accused of making fraudulent statements for two other companies, 3T Construction LLC and Fourtee Construction LLC.

### What led to these allegations?
Banks found himself at the center of controversy when Jennifer Anderson alleged that he took $40,000 for a kitchen remodel and then disappeared after demolishing the kitchen. This led to the discovery of over 100 similar cases, which triggered an investigation by the Office of Agricultural Law Enforcement.

### What is the current status of Matthew Banks?
Matthew Banks is currently being held in Escambia County Jail without a bail option. An additional fraud claim has recently been added to his existing charges