Tracy Rawle Argued Against Regulating Payday Lending Whenever Utah Regulators Considered Investigating The Industry

Kip Cashmore Made A Killing In A Big Ponzi Scheme That Defrauded 500 Individuals Out Of $8 Million.

Kip Cashmore Made An Astonishing $475,000 Revenue In A Massive Ponzi Scheme That Defrauded 500 Individuals Away From $8 Million.

Kip Cashmore, An “Amway Contractor,” Made A Whopping $475,000 Make Money From A Ponzi Scheme. “A bankruptcy probe has reclaimed an adequate amount of Wayne Ogden’s assets to come back $1 million towards the victims of their estate that is real scam. Bankruptcy trustee Steve Bailey promises you will see much more when he recovers millions from Ogden’s business that is former among others whom profited through the scheme. That features $1.7 million from Josh Christensen, $458,000 from Dar Nelson, and $475,000 from Amway contractor Kip Cashmore.

The Pinnacle Associated With The Ponzi Scheme Went Along To Prison For Defrauding 500 Individuals Away From $8 Million. “Ogden ended up being delivered to jail in of easy online payday loans in Pennsylvania 1998 for an investment proposal investigators said was a Ponzi scheme july. He had been awarded A july 2001 parole date as he promised to cover all their victims straight back. Detectives calculated as numerous as 500 individuals were scammed away from $8 million between 1995 and 1997. A number of the jilted investors forced Ogden into bankruptcy in 1997, and because then 425 victims have actually filed claims well well worth $6.5 million with all the bankruptcy court in Salt Lake City.”

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