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construction fraud cases

Matthew Banks Pleads Guilty in Florida Construction Fraud Cases

Florida’s First Judicial Circuit State Attorney says Matthew Banks pleaded guilty in 13 construction-fraud cases, with incarceration capped at 25 years and minimum restitution of $4,760,335.58.

By Bettesworth Construction Team 2 min read

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Matthew Banks pleaded guilty to all counts in 13 construction-fraud cases, according to an October 6, 2026 announcement from the Office of the State Attorney for Florida’s First Judicial Circuit. The office said the plea caps incarceration at 25 years and stipulates to at least $4,760,335.58 in restitution. A judge was scheduled to determine the final sentence on December 4, 2026.

What happened in the Matthew Banks case?

State Attorney Ginger Bowden Madden announced that Banks entered a guilty plea covering all counts in 13 cases. The State Attorney’s Office described the cases as involving construction fraud across multiple counties in Florida’s First Judicial Circuit, but did not identify the counties in its announcement. The office’s October 6, 2026 announcement is a prosecuting-office account; it does not provide case numbers, charge names, or a detailed account of the conduct underlying each case.

The announcement says 161 listed individuals were victimized. That is the office’s stated count of individuals, not a count of cases, households, or confirmed restitution recipients. Assistant State Attorney Robert Paul Gillespie is identified as the prosecutor, working with Economic Crime paralegals, investigators, and staff.

What were the stated plea terms?

  • Incarceration: The office said the plea caps incarceration at 25 years.
  • Restitution: The office said the plea stipulates to minimum restitution of $4,760,335.58.

These are terms reported in the State Attorney’s announcement. The release does not provide an allocation of restitution among the 161 listed individuals.

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When was sentencing scheduled?

The announcement said Judge John Simon would determine final judgment and sentence at a hearing scheduled for December 4, 2026. As of October 7, 2026, that hearing was still in the future, and the announcement did not state a final sentence. Because the scheduled date has passed, readers seeking the outcome should check for a subsequent court record or official update rather than treating the announced date as confirmation that sentencing occurred.

What details did the announcement leave unspecified?

The release does not name the counties, describe specific projects or businesses, identify the charges, provide case numbers, explain the alleged scheme, or say how any restitution would be divided. Those details cannot be established from the announcement alone.

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