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Recidivist scammer indicted

Posted: Fri Jul 01, 2011 10:34 pm
by Judge Roy Bean
Sheesh. :roll:

http://www.sltrib.com/sltrib/money/52101634-79/ogden-investors-money-wayne.html.csp

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.