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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://flipboard.social/users/Flipboard/statuses/114518407738055923">Flipboard (flipboard@flipboard.social)'s status on Sunday, 18-May-2025 02:15:25 JST</a><a href="https://flipboard.social/@Flipboard" title="flipboard@flipboard.social"><img src="https://gnusocial.jp/avatar/102504-48-20231212210355.webp" width="48" height="48" alt="Flipboard" style="position: absolute; left: 0; top: 0;">Flipboard</a><div><a href="https://flipboard.social/@Flipboard/114518405965862522" rel="in-reply-to">in reply to</a><ul><li></ul></div></section><article><p>HomeVestors of America is a real-estate flipper known for its “We Buy Ugly Houses” advertisements. The business model: Independent franchisees buy up homes in need of a fast sale, renovate them, and sell them on at vast profit. It’s a win-win scenario — except when it isn’t. <a href="https://newsie.social/@ProPublica">@ProPublica</a> has run a series of stories on how home sellers are exploited by franchisees, which has led to the company making changes in its business practices. The latest article explores how one Texas franchisee exploited people who wanted to invest with him, in a Ponzi scheme that netted him millions and left them broke. </p><p><a href="https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas" rel="nofollow noreferrer">https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas</a></p><p><a href="https://flipboard.social/tags/Money" rel="tag">#Money</a> <a href="https://flipboard.social/tags/Finance" rel="tag">#Finance</a> <a href="https://flipboard.social/tags/HomeBuying" rel="tag">#HomeBuying</a> <a href="https://flipboard.social/tags/HomeInvestors" rel="tag">#HomeInvestors</a> <a href="https://flipboard.social/tags/Texas" rel="tag">#Texas</a> <a href="https://flipboard.social/tags/Dallas" rel="tag">#Dallas</a> <a href="https://flipboard.social/tags/Newstodon" rel="tag">#Newstodon</a> <a href="https://flipboard.social/tags/NewstodonFriday" rel="tag">#NewstodonFriday</a> <a href="https://flipboard.social/tags/FollowFriday" rel="tag">#FollowFriday</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/5068188#notice-9937101">In conversation</a><time datetime="2025-05-18T02:15:25+09:00" title="Sunday, 18-May-2025 02:15:25 JST">about a month ago</time> <span>from <span><a href="https://flipboard.social/@Flipboard/114518407738055923" rel="external" title="Sent from flipboard.social via ActivityPub">flipboard.social</a></span></span><a href="https://flipboard.social/@Flipboard/114518407738055923">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: img.assets-d.propublica.org</div><h5><a href="https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas#Money">“Incalculable” Damage: How a “We Buy Ugly Houses” Franchise Left a Trail of Financial Wreckage Across Texas</a></h5><div> from <span>@propublica</span></div></header><div>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.</div><footer></footer></article></li></ol></footer></blockquote>

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Flipboard (flipboard@flipboard.social)'s status on Sunday, 18-May-2025 02:15:25 JSTFlipboard
in reply to
- ProPublica
HomeVestors of America is a real-estate flipper known for its “We Buy Ugly Houses” advertisements. The business model: Independent franchisees buy up homes in need of a fast sale, renovate them, and sell them on at vast profit. It’s a win-win scenario — except when it isn’t. @ProPublica has run a series of stories on how home sellers are exploited by franchisees, which has led to the company making changes in its business practices. The latest article explores how one Texas franchisee exploited people who wanted to invest with him, in a Ponzi scheme that netted him millions and left them broke.
https://www.propublica.org/article/homevestors-fraud-charles-carrier-texas
#Money #Finance #HomeBuying #HomeInvestors #Texas #Dallas #Newstodon #NewstodonFriday #FollowFriday
In conversationabout a month ago from flipboard.socialpermalink
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1. Domain not in remote thumbnail source whitelist: img.assets-d.propublica.org
  “Incalculable” Damage: How a “We Buy Ugly Houses” Franchise Left a Trail of Financial Wreckage Across Texas
  from @propublica
  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.