Indictments against two Sacramento-area men allege real estate Ponzi schemes

There are 1 comment on the Apr 24, 2011, Sacramento Bee Newspaper story titled Indictments against two Sacramento-area men allege real estate Ponzi schemes. In it, Sacramento Bee Newspaper reports that:

A federal grand jury has returned indictments in two unrelated real estate Ponzi schemes, resulting in the arrest of two Sacramento-area men.

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Since: Apr 11

United States

#1 Apr 25, 2011
Royce Newcomb aka Royce Lee, currently operating under the guise of Paradigm Foreclosure Specialists with the web site of Paradigmforeclosure.com was arraigned today in Federal Court wearing standard issue Sac County Jail orange jumpsuit. He is to be represented by a Federal Public Defender and is to remain in custody pending arguments by the Attorney General and his defense attorney on Thursday in Federal Court Dept 24. Evidence was raised that Royce continues to defraud individuals through Paradigm Foreclosure even after Contour Escrow's Barry Winnett is facing sentencing in June in the same court.

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