Polymath Contractors was hired to build a small cabin & barn on our property in Colorado. I signed a contract stating that Polymath would build a 3600sqft barn and 1200sqft cabin in 2019 on our property for an all-inclusive cost of $250,000. I paid Polymath $35,000 dollars on May 28, 2019, to get started on the permitting & structural components of the project. In July 2019 Polymath instructed me the materials for the barn and house had been ordered and he requested I pay $100,000 per the contract for the start of construction. After I paid the $100,000 the owner of Polymath became extremely hard to contact. He informed me several times that the materials were coming and all permits were ready to be issued. Towards the middle of August, it was apparent that the owner was deliberately stalling. When I pressured him initially he started passing blame to other vendors and the county officials. Once I discovered that was not the case he stated that he had been preoccupied with his sick dying mother and apologized for the delay. This excuse convinced me for a month that he was sincere and telling the truth. When Oct rolled around and I still had not seen any materials, permits, or work completed I became very worried that I had been conned for $135,000. The owner of Polymath & I had several phone conversations and he made more promises and had more excuses.
I did a BBB and Google search before I hired Polymath but had a feeling there had to be others that had been conned. I did a more thorough background check on the owner and discovered that he had owned and closed another business by the name of Fabrum Builders in the Denver area. Fabrum Builders has numerous complaints filed with the BBB, BBB warning from June 16, 2017, and even a Denver Fox 31 TV story stating Fabrum Builder's owner took money from residential & business customers then "dropped off the grid". I also discovered the owner was arrested Jan 24, 2019, and is being charged with a class 4 felony relating to the theft of 3 verified Fabrum Builders customers and is scheduled for a jury trial March 3, 2020. After discovering this I tried multiple times to meet with the owner of Polymath and was finally successful Dec 13, 2019. At that time I informed the owner that I was aware of his previous company Fabrum Builders and knew about his legal issue concerning his old company. I told him that I was tired of his excuses and insisted that he return my money. He begged me stating he really needed this job and that he is not guilty of any wrongdoing ever. I stood my ground and insisted that he return my money. I told the owner I was worried if he still had my money and he replied that he still had it. I told him if he could prove to me that he still had my money than we could discuss moving forward on my project. I asked that he show me on his phone the current balance in his account so I could be confident he still had my money. The owner replied my bank does not offer that service. I stated I wired money to Bank of the West, which is one of the largest banks in Denver so I know you are lying. It was at that time the owner insisted on leaving and then threatened to call the police if I would not allow him to leave. Needless to say, this matter has not been resolved. read more