The Okaloosa County Sheriff’s Office has charged a Destin businessman with two counts of fraud in obtaining property over $50,000. 57-year old Timothy Henderson was arrested January 5th. The victim reported to investigators he and Henderson entered into an arrangement where the victim was to purchase property on Indian Trail in Destin and fund construction costs for Henderson to build homes. In return, once the property sold, the victim was to be refunded, plus receive forty percent of the net sale. The victim says he wasn’t informed that Henderson’s company, Henderson Development and Design, sold a property on January 20th 2017 for $555,0000. The victim was given $49,700, which was less than the approximately $485,000 he says he was supposed to receive. The victim told investigators his requests for the additional funds spelled out in the agreement were ignored.