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Elevation materials may vary per subdivision requirement. Please see your Sales Counselor for more information. We have a great history of building homes in and around Highland Park, University Park, Frisco, McKinney, Prosper, Celina and other surrounding areas.
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. Instead, Guess sent investors promissory notes issued by shell companies he created with names very similar to the legitimate companies investors thought they were working with, the SEC said.
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Texas State Securities Board announced the indictments of Carter, and his wife, Shelley Noel Carter, on assorted state fraud charges stemming from alleged misuse of investor funds meant to go to real estate development ventures. Carter was also indicted in Collin County Court on charges stemming from the sale of fraudulent promissory notes, along with Richard Gregory Tilford of Arlington, who is alleged to have raised $6 million from investors. Carter’s wife, Shelley, was charged with money laundering and misapplying investor funds.
The best way to use BuildZoom is to let us recommend contractors for your remodeling projects. The Texas Attorney General's office recommends getting several bids before hiring a contractor. Do not automatically accept the lowest bid - an abnormally low bid may indicate the contractor made a mistake and is not including the same work quoted by their competitors. We've made the bid collection process extremely simple . Ultimately, our goal is to create high-quality homes that are appropriate to their settings and extremely functional. Over the years, we have completed hundreds of projects, several of which have been featured in best-selling architectural magazines.
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If you are thinking of hiring Christian Custom Homes, we recommend double-checking their license status with the license board and using our bidding system to get competitive quotes. Prices, plans, specifications, square footage and availability subject to change without notice or prior obligation. Dimensions and square footage are approximate and may vary upon elevations and/or options selected.
We collect client feedback and verify contractors' permitted history with dozens of local building departments in Texas, which saves you time and helps minimize your risk when hiring. The Texas Department of Licensing and Regulation regulates HVAC and electrical contractors. You should verify their license status on the TDLR Website before hiring. General contractors and home builders are not licensed so you should do additional research before hiring one. Attorney’s Office, Carter began issuing promissory notes in August 2016, too. The three also never told investors about the letters.
Buying a New Home in Dallas-Fort Worth? Don’t Forget a Home Inspection on New Construction
A perfectly placed window that lets in just the right amount of light. It is in these details that Huntington Homes truly shines. Each element is carefully considered with you in mind. And because your home reflects your unique personality, we give you the power to make many custom design selections throughout the building process. Choose one of our award-winning plans that best fits your lifestyle.
Bethany Erickson lives in a 1961 Fox and Jacobs home with her husband, a second-grader, and Conrad Bain the dog. She is a member of the Online News Association, the Education Writers Association, the International Academy of Digital Arts and Sciences, and the Society of Professional Journalists. A relief defendant is typically a person or entity that isn’t accused of wrongdoing, but who the prosecution believes benefited from wrongdoing, usually by receiving funds or property. What I like about William Morgan is they incorporate luxury design elements with a VERY open concept. With over 1 million home professionals on Houzz, you’ll easily find the trusted General Contractor for your next project in Frisco, TX. The Texas Department of Licensing Regulation does not require general contractors to carry a surety bond nor is there a state recovery fund.
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We also offer affordable consulting services for those needing guidance through their DIY project. But Carter’s investors, the state alleges, knew none of this. Nor did they know that in 2016, one of his sales agents — Bobby Eugene Guess — had been served with a target letter from the U.S. Attorney’s Office informing him that he was under investigation for mail fraud, money laundering, and securities fraud.
This kind of hands-on treatment allows us to provide a home-buying experience that is simply unrivaled. Carter then, the agency alleged, used funds to pay $1.2 million towards a personal IRS tax lien, to operate his luxury hunting ranch, and make more than $3 million in Ponzi payments to other investors, as well as to fund his lifestyle. Carter, Guess, and Tilford are accused of selling investments in Carter’s legitimate companies, which were backed by hard assets from legitimate development projects.
If this is your business, please update your license status. We recommend getting multiple quotes for any construction project. Our free bidding system will get you quotes from Christian Custom Homes and 2 other top contractors.
Instead, the SEC said, the three were sold securities issued by closely-named entities with no actual assets. Only certain types of specialty contractors (e.g. HVAC, electrical) need to be licensed in Texas. There are no licensing requirements when it comes to hiring for a construction or major remodeling project. We offer the expertise and knowledge to build or renovate just about any type of structure, while offering the flexibility to suit all budgets, time frames, and desired levels of involvement in the building process.
We work hard to figure out who the great contractors are, and who the bad contractors are. Although it isn't a regulatory requirement, you can ask your general contractor to provide evidence of workers' compensation and general liability insurance prior to hiring them. Building permit records show that Christian Custom Homes has worked on 39 permitted projects. Unlock this free profileto update company info and see who's viewing your profile. Our team can turn the simplest of ideas into detailed plans for construction. We maintain a consistently high level of professional care and responsibility in each project.
“Phillip Carter and his co-defendants lied about the nature of their investments and enriched themselves at their investors’ expense,” Shamoil T. Shipchandler, Director of the SEC’s Fort Worth Regional Office, said. CHRISTIAN CUSTOM HOMES, LLC was incorporated on Monday 22nd October 2012, so this company age is ten years, one month and twenty-four days. Company right to transact business in texas is currently ACTIVE. I have clients that have come to me after choosing a custom builder that did not meet their expectations. I like to let buyers know who I know have been in the business for a while locally and can really come through on their vision of what they are shooting for. BuildZoom is a database of every licensed contractor in the United States.
Carter also neglected to mention to investors, the state said, that he had also gotten a target letter, and that a search warrant on Guess’s company, Texas First Financial, was executed in August 2016. Those money woes, at least by the paper trail procured by the state, began at least by December 2016, where Carter wrote a $6 million check to pay for labor and materials for projects, but the check bounced. But instead of using those funds for revenue-generating investments, Carter used them for things like paying personal expenses and paying off a personal Internal Revenue Service tax lien. “Carter and Tilford told investors their money would be used to develop commercial and residential properties,” the TSSB said.
Shelley Noel Carter, were indicted Tuesday on assorted state fraud charges stemming from alleged misuse of investor funds meant to go to real estate development ventures, the Texas State Securities Board announced Wednesday. The indictment against Carter alleges that he raised nearly $17.5 million from nearly 100 investors, primarily elderly Texans, for real estate development projects through Texas Cash Cow Investments Inc. and North Forty Development LLC. True luxury is more than abundant square feet and high-end materials. It is something you sense the minute you enter an impeccably designed space.
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