Business ProfileforTommie Carter Jr.
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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On September 22, 2022, Tommie "Tom" Carter Jr. was convicted of first-degree securities fraud in the 175th District Court in Bexar County, Texas. Tommie Carter Jr. raised over $1 million from twenty victims. He promised to use their principal to buy and sell real property and distressed business equipment claiming victims' money was fully protected and guaranteed. Carter used new investor money to pay money owed to earlier investors as his business projects were not generating sufficient revenue to cover monthly business expenses.
Carter is sentenced to serve 40 years in prison and ordered to pay restitution of more than $830,000 to victims.
For more details go to https://www.ssb.texas.gov/news-publications/austin-real-estate-scammer-sentenced-40-years-prison.
At-a-glance
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Business Details
- Location of This Business
- 1610 Houston St. B, West Lake Hls, TX 78746
- BBB File Opened:
- 6/18/2020
- Alternate Business Name
- Tom Carter Trust
- Tom Carter Foundation
- Related Businesses
- Business Management
- Mr. Tommie Carter Jr., Owner/Manager
- Contact Information
Principal
- Mr. Tommie Carter Jr., Owner/Manager
Customer Contact
- Mr. Tommie Carter Jr., Owner/Manager
Customer Complaints
0 Customer Complaints
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