Central Texas Contractor Accused of Fraud and Arrested in North Dakota

Loyd Clayton Yost, owner of Clayton Construction, has been accused by at least 20 Central Texas residents of not completing contract work his company had agreed to do. Yost fled to North Dakota and was arrested in late January with the help of the U.S. Marshall’s Lone Star Fugitive task force and the McLennan County F.A.S.T unit. According to KCEN TV, the McLennan County Sheriff’s Office plans to conduct a full investigation once Yost is brought back to Texas. The company’s website, which promotes the construction of homes and barndominiums, is still live.

Many of Yost’s alleged victims found out about Clayton Construction after hearing advertisements about the business on an Austin radio station’s broadcast, according to KCEN’s reporting. Eric Raines, the program director of the station, told KCEN he was unaware of Yost’s alleged fraudulent activities and expressed regret that people trusted Yost after hearing the ads. One alleged victim, Deanna Hinton, has lost over $200,000 out of pocket and has had to hire outside help to complete the projects Yost and his team neglected to finish. There is no bond for out-of-state warrants, and Yost is currently sitting in a North Dakota jail.