David Forkey, a general contractor specializing in luxury equestrian estates in Wellington, Florida, and his company Pegasus Builders have filed for Chapter 11 bankruptcy amid fraud allegations from clients Suzanne and Barry Porter. The Porters accuse Forkey of doctoring receipts and misusing funds, claiming he failed to complete contracted work despite receiving $6 million for labor and materials. The couple, who have a history of working with Forkey, filed a lawsuit in 2022 alleging deception and false accounting, though Forkey denies the claims and labels the suit a nuisance.

The bankruptcy filing complicates the ongoing legal battle, as it typically halts court actions, but the Porters were allowed to seek punitive damages—claims that are not dischargeable in bankruptcy. Forkey estimates owing the Porters $2.3 million, while the couple contends the amount is significantly higher. The Porters remain determined to hold Forkey accountable, emphasizing the seriousness of the alleged fraud in the context of Wellington’s high-end equestrian real estate market.