You have a leading slash on @"\ReportedContent\". You don't want that (or the trailing one, I suspect) - try just:
string reportedContentFolderPath =
    Path.Combine(contentFolder.FullName.ToString(), "ReportedContent");
From the documentation:
  If path2 does not include a root (for example, if path2 does not start with a separator character or a drive specification), the result is a concatenation of the two paths, with an intervening separator character. If path2 includes a root, path2 is returned.
In your case, path2 did contain a root, so it was returned without looking at path1.