I've recently noticed that I have several long horizontal cracks in my basement foundation - likely caused by steady hydrostatic pressure (I live in a cold and wet climate in a 100~ year old house). In researching ways to reinforce the foundation, the foremost method offered by many foundation repair companies seems to be epoxying carbon fiber "straps" along the wall, putting a vertical band of 5.5 in~ wide carbon fiber strips every three feet or so in the wall - sometimes anchoring it in in a nonspecific way that seems to differ by company.
The problem is, I'm having a hard time validating if this reinforcement actually is proven to work. I err towards believing it due to it's widespread use and liken it to a ratchet strap at the back of a trailer, though some people I've talked to (and random claims online) seem to think it's bunk - akin to putting a big piece of tape on the wall.
I've tried to find scholarly research on the subject but I've struggled to find anything (at least anything that I can make heads or tails of - structural engineering gets quite complex very quickly for a non-engineer).
Any knowledgeable input would be appreciated. Thank you!