Business ProfileforTommie Carter Jr.
Current Alerts For This Business
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government’s allegations, which have not yet been proven.
On May 2, 2019 Tommie Carter Jr and co-defendant Derrick Trussell were indicted in Bexar County for securities fraud, theft, misapplication of fiduciary property and money laundering as part of a white-collar criminal investment scheme. The charges allege Carter and Trussell sold or offered for sale investments issued by Sync One Holdings, Tom Carter Trust, Tom Carter Foundation, Tri-Star Equity, and FBP Leon, Inc. According to the indictment, Carter claimed investors’ money was secure, fully protected, and guaranteed. However, Carter allegedly used new investor money to pay obligations to prior investors for purposes unrelated to the investment, commonly referred to as a Ponzi scheme. If convicted, they face up to 99 years to life in prison.
For more information, please visit: https://www.ssb.texas.gov/news-publications/tommie-%E2%80%9Ctom%E2%80%9D-carter-jr-arrested
At-a-glance
Related Categories
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
- 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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