Richard Tilford
A Frisco developer who bilked more than 300 people out of millions of dollars in a real estate investment scheme was sentenced this week to 45 years in state prison. Christian Custom Homes CEO Phillip Michael Carter also was ordered to pay $30 million in restitution. Carter also served as the principal of Texas Cash…
Read More
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…
Read More
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…
Read More
