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: 3566
- Joined: Tue May 17, 2005 7:04 pm
- Location: West of the Pecos
http://www.sltrib.com/sltrib/money/5210 ... e.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.
The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three