The "We Buy Ugly Houses" CEO took $40 million of investments and used it as a personal slush fun and ran a ponzi scheme.
> The U.S. Attorney's Office said Carrier defrauded investors out of $39,514,300.00 and "sold properties without informing investors and used forged or unauthorized lien releases to facilitate those transactions. He then diverted investor money for personal expenses, unrelated business costs, and payments to earlier investors."
The "We Buy Ugly Houses" CEO took $40 million of investments and used it as a personal slush fun and ran a ponzi scheme.
> The U.S. Attorney's Office said Carrier defrauded investors out of $39,514,300.00 and "sold properties without informing investors and used forged or unauthorized lien releases to facilitate those transactions. He then diverted investor money for personal expenses, unrelated business costs, and payments to earlier investors."