"Rehabbers whose ugly houses angered St. Louis are accused of running a Ponzi scheme.
Lighthouse Estates and Red Door Legacy bought up numerous city houses and painted the brick black or burgundy. Now their business model appears to be collapsing—and a key leader faces criminal charges."
It appears that more than just their rehabs were ugly:
"Companies behind ugly St. Louis rehabs moved cash overseas, lawyer says
Lighthouse Estates and its related companies are now subject to numerous lawsuits—and lawyers want to stop owners from being able to abscond with investors’ money."