Carlos Desean Goodspeed, Concert Promotion Fraud Scheme, Texas 2026

Dallas Man Sentenced to 75 Months in Federal Prison for $1.1M Concert Promotion Fraud Scheme

Dallas man, Carlos Desean Goodspeed, 45, of Dallas, Texas, has been sentenced to 75 months in federal prison for stealing over $1 million from investors through a concert promotion scheme. United States Attorney for the Northern District of Texas Ryan Raybould announced the sentence.

Goodspeed pled guilty to wire fraud in October 2025 after a federal grand jury indicted him in 2024 for obtaining funds from unwitting investors to whom he falsely represented that he was a concert promoter who would use their funds to purchase concert and event tickets and suites in order to resell them for a profit. Goodspeed operated a business under the assumed name “Straight Like That Entertainment,” and held himself out as a promotor for concerts and events involving high-profile artists and entertainers, including Tyler, the Creator, Ludacris, Beyonce, Nicki Minaj, Bad Bunny, and Future.

According to court records, Goodspeed solicited an investment from one of his victims that was to be used to purchase concert tickets and suites for a series of Tyler, the Creator shows. The victim wired Goodspeed a total of $180,000, but Goodspeed did not pay the victim as promised. Instead, he used the money for personal expenses, including rental payments at an upscale apartment complex and a purchase at a high-end retail store.

Three victims testified at Goodspeed’s sentencing hearing and detailed their financial and emotional sufferings as a result of Goodspeed’s scheme. One victim testified that she used part of an inheritance to invest with Goodspeed in hopes of being able to pay medical bills for a family member diagnosed with cancer.

Goodspeed was sentenced on February 18, 2026, by United States District Judge Ed Kinkeade, who also ordered him to pay nearly $1.2 million in restitution to seventeen victims of Goodspeed’s fraud scheme. Goodspeed remains in federal custody to serve his sentence of imprisonment. The case was investigated by the Federal Bureau of Investigation – Dallas Field Office. Assistant U.S. Attorney Renee Hunter prosecuted the case.

“Victims are often defrauded of life savings and suffer devastating economic and personal harm because of investment fraud schemes like this one,” said U.S. Attorney Ryan Raybould. “Seeking lengthy prison time for defendants and restitution judgments on behalf of those victimized in these cases remain top priorities for my office.”

The FBI remains committed to investigating those who take advantage of our communities through investment fraud schemes. We encourage the public to thoroughly research investment opportunities and to contact us immediately if they suspect fraud,” said FBI Dallas Special Agent in Charge R. Joseph Rothrock.

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