Dallas exec sentenced to 15 years

Charles Carrier, 67, the former president of a Dallas real estate firm, was sentenced to 188 months in federal prison on September 23 for orchestrating a multimillion-dollar investment fraud scheme.

Used 'We Buy Ugly Houses' to scam investors

Carrier exploited HomeVestors' well-known 'We Buy Ugly Houses' brand to defraud more than 80 victims out of nearly $40 million between 2018 and 2024.

False promises about property investments

Carrier told investors their money would buy and renovate homes, claiming their loans were secured by liens. He never recorded the promised deeds of trust and issued multiple liens on the same properties.

Sold properties without telling investors

Carrier sold properties without informing investors and forged lien releases to hide the transactions. He diverted investor money for personal expenses and payments to earlier investors.

Pleaded guilty, ordered to pay restitution

Carrier pleaded guilty to wire fraud in October 2025 and was ordered to pay nearly $25 million in restitution to his victims.

“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.”

Warning to investors about scams

Federal authorities urge the public to research investment opportunities carefully and report suspicious activity immediately. The case targeted Main Street families, retirees, and small business owners.