Full Breakdown
Former “We Buy Ugly Houses” Franchise Owner Sentenced for Multimillion-Dollar Fraud
By Drooid · · How we work
Core Event
Charles Carrier, a 67-year-old former president of a Dallas-based investment firm that operated as a HomeVestors franchise, was sentenced to 188 months (15 years) in federal prison. U.S. District Judge Brantley Starr ordered Carrier to pay $24,416,911.16 in restitution to victims after he pleaded guilty to wire fraud in October 2025.
Background & Context
Carrier’s company, C&C Residential Properties, marketed itself under the “We Buy Ugly Houses” brand, promising investors that their loans would be secured by first-position liens on specific residential properties. Between 2018 and 2024, prosecutors allege Carrier repeatedly failed to record deeds, issued multiple liens on the same homes, and used forged releases to sell properties without informing investors. The franchise was terminated by HomeVestors in October 2024, and the brand has faced broader scrutiny after ProPublica reported predatory practices by some franchisees.
Data & Statistics
- More than 80 investors were solicited.
- The scheme allegedly diverted $39,514,300 from investors.
- Carrier was required to pay over $24 million in restitution and an additional $3.2 million to satisfy three Dallas County lawsuits.
Official Statements & Responses
U.S. Attorney Ryan Raybould described the conduct as a “direct assault on hardworking Americans” and emphasized that the sentence serves as a warning to fraudsters targeting Main Street communities. FBI Dallas Special Agent in Charge R. Joseph Rothrock said the case highlights the harm investment fraud can inflict on victims and urged the public to research opportunities carefully. HomeVestors confirmed that Carrier’s franchise operated independently and was terminated in October 2024.
Verbatim Quotes
- “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, attorney
- “Mr. Carrier’s business was an independently owned and operated franchise of HomeVestors of America at one time; however, Mr. Carrier and his franchises were terminated in October 2024.” — HomeVestors, HERE an attorney