Five Ogden residents are accused of peddling worthless vacations as part of a "boiler room" operation, according to a 35-count federal grand jury indictment unsealed Thursday afternoon.
Named in the indictment are Jerry Barney, Warren Rupp, Terry McGill, Mike Hoskins and Ron Lengacher. According to the U.S. Attorney's Office, all are residents of the Ogden area.The indictment charges that around August 1986, Barney, Rupp and McGill organized a business called Commercial Research International (CRI), which solicited regional sales memberships around the country to sell certificates that were represented as being redeemable in complimentary vacations.
Actually, the certificates were "valueless," the indictment says. It adds that in 1987 they were joined by Lengacher and Hoskins. They sometimes used the business name Rainbow's End, then changed the name to International Travel Council, according to the indictment.