Former owners of the now-defunct Price Home Group LLC were arrested and charged with theft in connection with paid construction work not completed and money misappropriated in the aftermath of Superstorm Sandy, authorities said.

Ocean County Prosecutor Bradley D. Billhimer announced that on Wednesday, May 29, Jonathan Price, 41, of Manahawkin, and Scott Cowan, 57, of Demarest, were both arrested and charged with second degree theft by failure to make required disposition of property (funds)…