Crime & Real Estate
Former Dallas City Council member Carolyn Davis pleaded guilty to taking bribes from a local developer, the U.S. Attorney’s office announced Friday. AmeriSouth Realty Group founder and CEO Ruel Hamilton was indicted on two counts of bribery as well, officials said. Documents for both Davis’ plea and Hamilton’s indictments were unsealed Friday. US Attorney Erin…
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SEC charges come two months after the Texas State Securities Board charged Christian Custom Homes CEO Phillip Carter with fraud Agency alleges Carter and two co-conspirators defrauded more than 270 investors Christian Custom Homes and several other companies owned by Carter are now under control of new manager A little more than two months after…
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We know the City of Dallas is aiming to strengthen its Citizens Police Review Board, the entity which examines alleged inappropriate police behavior within the Dallas Police Department against citizens. In fact, I am fairly certain this is a done deal and will happen within the next two to three months. Dallas City Council likes…
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For those who are laundering ill-gotten gains via real estate transactions, regulators are about to make life much, much harder. Geographic Targeting Orders (GTO) are temporary regulations put in place by the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). The overall point of the orders is to understand and curtail money laundering, tax evasion, and…
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Investors were lured by brochures, radio interviews, and email invitations for dinners, where they could learn about “9% investment return opportunities” with North Forty Development and Texas First Financial. Instead, hundreds saw their money allegedly spent on anything but real estate development. The president of Frisco-based Christian Homes, Phillip Michael Carter, and his wife, Shelley…
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