<p>“Incalculable” Damage: How a “We Buy Ugly Houses” Franchise Left a Trail of Financial Wreckage Across Texas<br>—</p><p>Charles Carrier is accused of orchestrating a yearslong Ponzi scheme, bilking tens of millions of dollars from both wealthy investors and older people with modest incomes. Despite signs of trouble, HomeVestors didn’t intervene.<br><a href="https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/homevestors-fraud-charles-carrier-texas?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/hom</span><span class="invisible">evestors-fraud-charles-carrier-texas?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/texas/" rel="tag">#Texas</a> <a href="/tags/housing/" rel="tag">#Housing</a> <a href="/tags/fraud/" rel="tag">#Fraud</a> <a href="/tags/realestate/" rel="tag">#RealEstate</a> <a href="/tags/investing/" rel="tag">#Investing</a> <a href="/tags/business/" rel="tag">#Business</a> <a href="/tags/house/" rel="tag">#House</a></p>
realestate
<p>Former “We Buy Ugly Houses” Franchise Owner to Plead Guilty in Fraud Scheme That Cost Investors $40 Million<br>—</p><p>Charles Carrier agreed to plead guilty to one count of felony wire fraud that carries a potential 20-year prison sentence. The plea follows a ProPublica report detailing how Carrier bilked investors across Texas out of millions of dollars.</p><p><a href="https://www.propublica.org/article/charles-carrier-plea-deal-fraud?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/charles-carrier-plea-deal-fraud?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/cha</span><span class="invisible">rles-carrier-plea-deal-fraud?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/housing/" rel="tag">#Housing</a> <a href="/tags/home/" rel="tag">#Home</a> <a href="/tags/fraud/" rel="tag">#Fraud</a> <a href="/tags/lawsuit/" rel="tag">#Lawsuit</a> <a href="/tags/law/" rel="tag">#Law</a> <a href="/tags/texas/" rel="tag">#Texas</a> <a href="/tags/realestate/" rel="tag">#RealEstate</a></p>
<p>The Housing Loophole That Lets Wealthy Investors Raise Rents on Poor Tenants<br>—</p><p>As the U.S. struggles with a housing shortage, investors continue to exploit a gap in an affordable housing law to raise rents on 115,000 apartments. Congress has repeatedly failed to act.</p><p><a href="https://www.propublica.org/article/affordable-housing-investors-loophole-rent-tenants?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post" rel="nofollow" class="ellipsis" title="www.propublica.org/article/affordable-housing-investors-loophole-rent-tenants?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post"><span class="invisible">https://</span><span class="ellipsis">www.propublica.org/article/aff</span><span class="invisible">ordable-housing-investors-loophole-rent-tenants?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post</span></a></p><p><a href="/tags/news/" rel="tag">#News</a> <a href="/tags/housing/" rel="tag">#Housing</a> <a href="/tags/realestate/" rel="tag">#RealEstate</a> <a href="/tags/tax/" rel="tag">#Tax</a> <a href="/tags/affordablehousing/" rel="tag">#AffordableHousing</a> <a href="/tags/poverty/" rel="tag">#Poverty</a> <a href="/tags/congress/" rel="tag">#Congress</a></p>
<p>🎥 🏡 Personal update: as we renovate our first home for a child (we hope to adopt); a new <a href="/tags/roku/" rel="tag">#Roku</a> show will tell part of our story: <a href="https://ThisFirstHouse.com" rel="nofollow"><span class="invisible">https://</span>ThisFirstHouse.com</a></p><p>I'm a bit nervous to share this much of our lives, but their original <a href="/tags/thisoldhouse/" rel="tag">#ThisOldHouse</a> is my favorite show. They have been educating people like us for decades. It’s a privilege to move to the other side of the cameras and learn directly from their skilled trade and production teams.
</p><p><a href="/tags/tv/" rel="tag">#TV</a> <a href="/tags/homeimprovement/" rel="tag">#HomeImprovement</a> <a href="/tags/edutainment/" rel="tag">#eduTainment</a> <a href="/tags/streaming/" rel="tag">#Streaming</a> <a href="/tags/realestate/" rel="tag">#realEstate</a></p>