Former developer returned to NM to face charges

October 21, 2013 • State News

SANTA FE, N.M. (AP) — A former New Mexico real estate developer facing charges of embezzlement and fraud is back in New Mexico and is behind bars.

The Albuquerque Journal reports ( that William Kalinowski was [auth] booked into the Santa Fe County jail on Sunday after being transported from Massachusetts, where he was arrested earlier this month.

Kalinowski is scheduled to appear for arraignment on Wednesday.

Kalinowski left Santa Fe in 2008 owing millions of dollars to investors, subcontractors and banks and with about a dozen homes unfinished.

He was indicted in September on 10 felony counts, and a bench warrant was issued for his arrest earlier this month when he failed to appear in court.

Kalinowski has claimed he didn’t intend to defraud anyone and was a victim of the tanking real estate market.

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