Rotterdam business owner charged, accused of defrauding banks of $1.5 million

Schenectady, NY (WRGB) — The owner of HodorowskiHomes LLC was arrested Monday, charged with defrauding Saratoga National Bank and Trust Company out of over $1 million.

Paul C. Hodorowski, owner of Hodorowski Homes LLC of Rotterdam, and its subsidiaries, was arrested by State Police Financial Crimes Unit on one count of first-degree grand larceny, a Class B felony.

Hodorowski is accused of “orchestrating an elaborate check kiting scheme between December 1, 2023, and March 31, 2024.” The scheme reportedly resulted in a loss to Arrow Financial Corporation, specifically Saratoga National Bank and Trust Company, totaling $1,544,652.59.

He was arraigned in the Schenectady County Court and held on $20,000 cash/$100,000 bond.