A federal judge has sentenced a Dallas real estate investor to more than 15 years in prison and ordered repayment of over $24 million after he admitted to running a long-running fraud that victimized more than 80 people.
Charles Carrier, 67, received the 188-month term from US District Judge Brantley Starr and must pay $24,416,911.16 in restitution, says the U.S. Attorney’s Office for the Northern District of Texas.
Carrier pleaded guilty last year to wire fraud for soliciting investor money he claimed would fund the purchase, renovation and resale of specific homes. Instead, he splurged the money on personal expenses, unrelated business costs and payments to earlier investors…