Charles Chas Carrier, owner of C&C Residential Properties, reportedly deceived over 100 investors, leading many to lose their investments by 2024. Carrier admitted to creating a financial mess and federal authorities are now investigating his actions. Allegations include issuing loans against properties he didn't own and failing to secure deeds. Victims, including retirees, faced significant losses, with one investor losing $1 million. Initially promising returns led to increased trust, but payments ceased suddenly, leaving investors devastated. Carrier's past success with HomeVestors created a facade of reliability that ultimately contributed to the financial ruin of many.
This is a mess created by me. Federal authorities, including the Department of Justice (DOJ), are now investigating, according to an April call between the lead prosecutor and potential victims.
It's incalculable the amount of damage this guy did. He's ruined some lives.
Worst case, I would end up with a property worth more than what the loan was, Carver said regarding what he was promised.
Initially, the investments delivered with interest checks arriving monthly and returns of 9%. That confidence led Carver to increase his investment and persuade his father to join.
Collection
[
|
...
]