{"id":446586,"date":"2026-09-24T20:12:10","date_gmt":"2026-09-24T20:12:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/446586\/"},"modified":"2026-09-24T20:12:10","modified_gmt":"2026-09-24T20:12:10","slug":"dallas-real-estate-boss-gets-15-years-for-40m-we-buy-ugly-houses-scam","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/446586\/","title":{"rendered":"Dallas real estate boss gets 15 years for $40M ‘We Buy Ugly Houses’ scam"},"content":{"rendered":"

The president of a Dallas-based real estate firm was sentenced to more than 15 years in prison Wednesday after carrying out a multi-million-dollar scheme <\/a>involving the ‘We Buy Ugly Houses’ company.<\/a><\/p>\n

Charles Carrier, 67, was president of C&C Residential Properties, a Dallas firm that partnered with HomeVestors, the parent company of “We Buy Ugly Houses.”<\/p>\n

From 2018 through 2024, Carrier used the partnership to solicit millions of dollars from investors-many of them elderly-promising to use their money to buy, renovate and sell residential properties, according to court documents.<\/p>\n

Instead, Carrier frequently failed to record deeds for properties and diverted investors’ money to personal expenses, unrelated business costs and payments to earlier investors, according to prosecutors.<\/p>\n

The fraud scheme generated nearly $40 million. Carrier pleaded guilty to wire fraud charges in October 2025, and he was ordered to pay more than $24 million in restitution to victims.<\/p>\n

\"A<\/p>\n

A Dallas real estate executive was sentenced to 15 years in prison for a $40M fraud scheme tied to the “We Buy Ugly Houses” brand. (Robert McLeroy\/San Antonio Express-News) (San Antonio Express-News)<\/p>\n

“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,” Ryan Raybould, the United States Attorney for the Northern District of Texas, said in a statement Wednesday. “Carrier didn’t just target investors; he preyed on Main Street families, retirees and small business owners through a sham ‘We Buy Ugly Houses’ scam.<\/p>\n

“Through his lies and deceit, Carrier earned every month of his 15-year sentence. This case should serve as a warning to those who target Main Street Americans in North Texas.”<\/p>\n

Founded in Dallas in the 1980s, We Buy Ugly Houses is a network of independently owned and operated franchises that buy homes with cash, then invest in the property and sell them at a higher rate. There are more than 1,000 franchises nationwide as of 2026, with the brand now operating under the HomeVestors of America network.<\/p>\n

More News<\/p>\n

Politics<\/a> | Houston judge candidate says opponent bailed on scheduled debate<\/a>
Coins<\/a> | Texas lottery winner strikes it rich and reveals first big purchase<\/a>
Nerds<\/a> | PAX Unplugged gaming convention coming to Houston<\/a>
Safety<\/a> | Texas A&M e-scooters and e-bikes could be banned after crashes rise<\/a><\/p>\n

For the latest and best from Chron, sign up for our daily newsletter here.<\/a><\/p>\n

This article originally published at Dallas real estate boss gets 15 years for $40M ‘We Buy Ugly Houses’ scam<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"The president of a Dallas-based real estate firm was sentenced to more than 15 years in prison Wednesday…\n","protected":false},"author":2,"featured_media":446587,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[154018,102,104,103,154019,111],"class_list":["post-446586","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-charles-carrier","tag-dallas","tag-dallas-headlines","tag-dallas-news","tag-fraud-scheme","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/446586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=446586"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/446586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/446587"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=446586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=446586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=446586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}