Former Dallas Real Estate President Sentenced in Multi-Million Dollar Investment Fraud…
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Charles Carrier, a 67-year-old former president of a Dallas-based real estate company, was sentenced to 188 months in prison for a major investment fraud scheme. The scheme targeted investors in the region, reportedly between 2018 and 2024. Carrier used the 'We Buy Ugly Houses' brand and solicited funds from over 80 victims, defrauding them of nearly $40 million.
From fox4news.com
Why it matters
The fraud involved falsely claiming investor money would be used for property acquisition and renovation. Documents indicate Carrier failed to record promised deeds of trust, issued multiple deeds at the same properties, and forged lien releases to divert funds for personal use and payments to earlier investors.
From fox4news.com
Who's involved
- DallasLocation where the company was based and the fraud originated.
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The entities involved
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Dallas
city in the state of Texas, United States
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North Texas
geographic region