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Former Franchise Owner Faces 20 Years for $40M Fraud

5/31/2025

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Carrier Admits Fraud

Charles Carrier, once at the helm of a HomeVestors franchise, has admitted to federal wire fraud in a shocking Ponzi scheme that swindled 80 investors out of nearly $40 million since 2018. Facing up to 20 years in prison and required to repay victims, Carrier misappropriated funds for personal luxuries and neglected proper loan procedures, leading to his franchise termination in 2024.

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Kehoe Indicted Fraud

Michael Kehoe, 46, faces indictment for orchestrating a staggering $66 million food stamp fraud, one of the largest ever in the U.S. He reportedly installed 160 unauthorized EBT terminals across New York, facilitating fraudulent SNAP redemptions. Co-defendant Arlasa Davis, a USDA employee, betrayed her role by selling confidential information for bribes, jeopardizing vital support for struggling families.

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Carrier Admits Fraud

Charles Carrier, once at the helm of a HomeVestors franchise, has admitted to federal wire fraud in a shocking Ponzi scheme that swindled 80 investors out of nearly $40 million since 2018. Facing up to 20 years in prison and required to repay victims, Carrier misappropriated funds for personal luxuries and neglected proper loan procedures, leading to his franchise termination in 2024.

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