Weeks after Hurricane Sandy terrorized the east coast, Price Home Group (PHG) became one of the original contractors approved by the state to rebuild New Jersey with their primary rebuilding program, the Reconstruction, Rehabilitation, Elevation, and Mitigation program (RREM), which is a tax-funded program. In order to participate as a contractor in the RREM program, the state must ensure that the company has the proper licensing, is registered to do business in the state, and hasn't been debarred from doing business with the government. Despite the founders of PHG providing false education information to the state, PHG was still awarded five home construction projects by the state, all of which were transferred to other contractors in the following year. Fifty-one independent homeowners chose PHG to help rebuild as their RREM contractors, only twenty-two homes were completed by the Price Home Group. The PHG claimed that a deposit would reserve a clients' modular home with the supplier, but the deposits were often used to pay for work and supplies on older contracts that had been neglected. All the while, the founders of the PHG were pulling thousands of dollars from the corporations' account and taking lavish vacations and purchasing brand new vehicles. PHG has been involved in at least fifteen lawsuits alleging breach of contract with customers. All three founders of PHG have declared bankruptcy or are otherwise insolvent.