Local News

Embattled Triangle businesswoman surrenders real estate license

Posted November 23, 2011

— A well-known Triangle businesswoman who has run for Congress and Raleigh mayor turned in her real estate license amid a state investigation into whether she defrauded investors, according to the state Real Estate Commission.

Carolyn Grant also gave up the license to her Raleigh-based real estate investment company Omega Property Group.

The North Carolina Secretary of State's Office issued a cease and desist order against Grant in August after allegations surfaced that she failed to repay millions of dollars she borrowed from friends and associates for real estate deals and personal loans.

Grant allegedly promised high returns, but many investors say they never got any money back and that they were misled about where their money was going.

The Real Estate Commission is also looking into consumer complaints against her and Omega Property Group.

Grant's lawyer said she never violated any statutes or rules but that she surrendered her licenses to resolve the commission's investigation.

24 Comments

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  • ncpilot2 Nov 23, 5:56 p.m.

    Great idea, "Quagmire," If she doesn't run for school board in Wake County, she would be welcome with open arms on the school board in Johnston County to act as a facilitator in their continuing education of corruption.

  • The7thSeal Nov 23, 5:06 p.m.

    She is a politician,what do you expect?

  • Quagmire Nov 23, 4:58 p.m.

    Maybe she can run for school board next election.

  • Quagmire Nov 23, 4:50 p.m.

    She still owes over 100K in campaign debt.

  • DontLikeTheSocialistObama Nov 23, 4:48 p.m.

    Another crooked politician in North Carolina. Who would've known.

  • Da Toy Maker Nov 23, 4:47 p.m.

    Really, people? There are bad apples in any group/profession. You had a bad experience with a realtor doesn't mean the whole profession is bad. Wow.

    There is the clue: 20% return on investment?? You can't just blame the scammer along, can't you?

  • Southern Girl Nov 23, 4:36 p.m.

    Lock her up.

  • Wags Nov 23, 4:27 p.m.

    With her background, of course she is a politician. There should be no surprise there.

  • bubbba Nov 23, 4:17 p.m.

    The worst kind of sleazebag is one that claims your friendship and money. She would have fit in well in Congress.

  • storchheim Nov 23, 4:15 p.m.

    The one who sold me my current house in 2007 gave me her "personal promise" that I wouldn't lose money on it, so I, unlike everyone else, have nothing to worry about! Right?

    I sure hope she's the buyer's agent when it's time for me to sell, because I'll hold her to it in writing so the buyer can read for themselves what kind of person she is.

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