Discussion of various forms of Advance Fee Fraud, including application fees for loans that never materialize, self-liquidating loan scams, as well as mortgage elimination scams and related debt elimination scams [Nigerian-type scams should go in the Nigerian 4-1-9 forum]
Judge Roy Bean
- Judge for the District of Quatloosia
- Posts: 3550
- Joined: Tue May 17, 2005 7:04 pm
- Location: West of the Pecos
Ogden and his brother, Terry, were indicted for their operation of Paradigm Acceptance LLC, a company that allegedly told investors it made money by paying off the debt of distressed homeowners and then helping them renegotiate a mortgage at a lower rate.
Paradigm was paid a $1,500 fee by the homeowners, plus an additional amount, depending on how much it helped save by renegotiating debts and refinancing mortgages, the indictment said.
The Honorable Judge Roy Bean
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