Story perspectives
Ex-HomeVestors Operator Guilty in $40 Million Ponzi Scheme
5/31/2025
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Story summary
- Charles Carrier, ex-operator of a HomeVestors franchise, pleaded guilty to federal wire fraud in a Ponzi scheme.
- He defrauded 80 investors out of nearly $40 million since 2018.
- Carrier admitted to forging documents and taking multiple loans on properties.
- He faces up to 20 years in prison and restitution, pending a federal judge's decision.
- HomeVestors ended his franchise in October 2024 upon discovering the fraud.
