Ugly Truth Behind ‘We Buy Ugly Houses’: A Ponzi Scheme Uncovered
Description
In this episode of "This Podcast is Not Real," we expose the devastating Ponzi scheme allegedly run by Charles Carrier, a high-profile franchisee of the well-known company We Buy Ugly Houses (HomeVestors).
Carrier is accused of defrauding investors—many elderly or with modest means—out of tens of millions of dollarsthrough fraudulent loans, missing paperwork, and classic Ponzi tactics: using new money to cover old promises.
We cover:
How Carrier allegedly used the HomeVestors brand to gain trust
The emotional and financial fallout faced by dozens of victims
Why investors say HomeVestors ignored red flags
And what happens next as the FBI and DOJ step in
Franchised trust. Stolen futures. This is one of the real estate world’s ugliest stories yet.
United States
