Hayk Safaryan, a 43-year-old contractor from Williamsburg, is facing grand larceny charges after allegedly defrauding a couple out of $318,000 intended for a home renovation. Instead of completing the promised work on their brownstone, he reportedly funneled the funds into luxury purchases such as a Porsche and designer items, as well as booking AirBnB lodgings. Safaryan was arraigned in Brooklyn Supreme Court, where he faced an indictment for second-degree grand larceny, signaling significant legal repercussions for his actions.
Hayk Safaryan, a contractor from Williamsburg, has been charged with grand larceny for allegedly stealing $318,000 from a couple for home renovations that he never performed.
The funds were misappropriated by Safaryan, who reportedly used the stolen money to finance a lavish lifestyle, which included purchasing a Porsche and designer goods.
The arraignment took place before Justice Danny Chun, who will oversee the legal proceedings against Safaryan for his alleged criminal actions.
Safaryan is facing serious charges which indicate a breach of trust in his profession, reflecting broader issues of fraud within the contracting industry.
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