From Dallas Express · Dallas Express · · 1m 10s
Dallas Ugly Houses Fraud Executive Sentenced
Former Dallas real estate executive Charles Carrier gets 188 months in prison for $40 million investor fraud scheme using fake 'We Buy Ugly Houses' brand.
In brief
Former Dallas real estate executive Charles Carrier gets 188 months in prison for $40 million investor fraud scheme using fake 'We Buy Ugly Houses' brand. Charles Carrier, 67, received 188 months prison term for orchestrating multimillion-dollar real estate fraud targeting over 80 investors. Originally reported by…
Fraud Scheme Unveiled
Charles Carrier, 67, orchestrated a multimillion-dollar real estate fraud targeting over 80 investors through fake 'We Buy Ugly Houses' brand.
“Financial fraud isn't just numbers on a ledger, it's a direct assault on hardworking Americans who trusted an alleged expert with their savings.”
Investor Funds Misused
Carrier redirected investor funds to cover personal expenses and paid earlier investors before selling properties.
Court Documents Detail
From 2018 to 2024, Carrier falsely promised investors their funds would purchase and renovate homes tied to HomeVestors brand.
Restitution Ordered
Carrier must pay nearly $25 million in restitution to investors affected by the fraud scheme.
Federal Officials React
U.S. Attorney Ryan Raybould called the fraud a direct assault on Main Street families and retirees through a sham investment scheme.
FBI Statement
FBI Dallas Special Agent R. Joseph Rothrock emphasized the harm investment fraud causes and urged public to research opportunities carefully.
The bottom line
Charles Carrier, 67, received 188 months prison term for orchestrating multimillion-dollar real estate fraud targeting over 80 investors.
