How a ‘We Buy Ugly Houses’ franchise left a trail of financial wreckage across Texas

How a ‘We Buy Ugly Houses’ franchise left a trail of financial wreckage across Texas

A Homevestors franchisee is accused of orchestrating a yearslong Ponzi scheme, bilking tens of millions of dollars from scores of investors, according to...

How a 'We Buy Ugly Houses' franchise left a trail of financial wreckage across this red state

Reporting HighlightsLost Investments: People who invested with a Dallas HomeVestors franchise, once touted as the largest, accuse the owner of operating a scheme that cost them tens of millions of dollars.Red Flags: HomeVestors says its franchises follow best business practices. But investors say lax oversight allowed the “We Buy Ugly Houses” brand to be used to further the scheme.Company Responds: HomeVestors has denied responsibility for the f…

“Incalculable” Damage: How a “We Buy Ugly Houses” Franchise Left a Trail of Financial Wreckage Across Texas

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.