In a recent article out of North Carolina, it was reported that former Raleigh mayoral candidate Carolyn Willis Grant was charged with one count of mail fraud related to an alleged investment scam. Grant previously ran for mayor in Raleigh in 1999, and she also ran against Representative Brad Miller in 2002 for a seat in the 13th Congressional District. After these political losses, Grant later founded a real estate investment company in 2005, and she is accused of using that company to defraud investors. Investors in the alleged scam are reported to have lost millions of dollars.
It has been alleged that Grant was a real estate investor who used her Omega Property Group and other businesses to rope unsuspecting investors into a real estate investment scam that eventually cost them millions. An investigation into the concerns about Grant began in 2011, and Grant was recently officially charged with one count of mail fraud on November 11, 2012. Although a plea has not yet been entered in the case, reports indicate that Grant admitted that she defrauded investors.
Keith Fixel, with the Charlotte division of the US Postal Inspection service commented on the case and reminded investors that “When making investment decisions, investors should always consider that if it sounds too good to be true, it is.”