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Deal made with Real Property Lenders Jarmin and Jordan

June 18, 2015

justiceTwo days after the trial of Real Property Lenders of Paso Robles principals Rod Jarmin and Tammy Jordan began, a plea agreement was reached. A plea agreement the San Luis Obispo District Attorney’s office is attempting to have reversed.

In April 2014, Jarmin, 76, and Jordan, 53, were arrested in connection with a scheme in which they allegedly swindled more than 700 investors out of about $30 million. At the time, both defendants plead not guilty to seven felony counts of the sale of securities by means of false statements and omissions.

Under their company, the duo would entice locals to invest in projects that they knew were failing, under false assurances that investor monies were secure. The misrepresentation or the omission of facts when offering or selling securities is a felony punishable by up to five years in prison and up to a $10 million fine, per violation.

The trial started on June 8. On June 10, during jury selection, the defendants plead no contest and Superior Court Judge Donald Umhofer reduced the seven felony charges to misdemeanors. [Tribune]

Shortly afterwards, the district attorneys office filed a motion to reconsider, that alleges that Umhofer wrongly reduced the charges to misdemeanors before a plea was made.

During a hearing on Wednesday, one of the defense attorney argued that the district attorneys office agreed to reduce the charges to misdemeanors in a deal that would result in no further jail time for Jarmin and Jordan.

On July 22, the matter is slated to be decided.

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Finally Realized That DA stands for Dumb Ass. What does a DA have to do to lose their job? He lets all sex offenders off with a slap on the hand and plea bargains EVERY case. Starting to wonder if this guy takes bribes or is he just a lazy jackass.


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You have no idea what you are talking about. if you knew even ONE of the facts of the case that led to the plea in the sex case in Los Osos it would be more than you know now. He is a man of highest integrity and for you to say what you did is ridiculous.


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No material facts should ever be withheld, but, these investors chose investments that paud 300-400% higher yields than tradional mortgate instruments that everyone knows carry risk after the mortgage meltdown in 2008. Their greed got the best of them.


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It must be true! Just ask the 2 new poster people who are confirming that San Luis Obispo is the happiest place in the United States. Unfortunately the rest of us who live here know the truth.


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The DA was asleep at the wheel on this one. He didn’t read the terms and thought they were pleading to felonies with enhancements. This is not justice.


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Asleep at the wheel on This one? This DA has been in a self induced coma with the goal of collecting a fat government paycheck without actually working. Another prime political candidate with a bright future. I’m sure a raise is in store.


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The DA himself is rarely in the courtroom. It could be that if he was consulted he wasn’t given all the facts by the DDA and approved the deal with the intent of filing an appeal after studying it in more detail.


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The DAs accepted the plea deal on the basis that these were felonies. We have one of the following–a massive misunderstanding, a senior moment on the part of the judge, or a judge bought off by the defendents. Hopefully, this can be corrected and the criminals will retire to state prison where they belong.


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So they used a rent-a-judge to establish a precedence that makes this crime largely a fault of the injured. If this were a team event, I’d expect Kelly Gearhart and his CTA friends to run forward right behind this defense. Touch down!


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wow, swindle people out of their hard earn money by lying and just have charges dropped from felony to misdemeanors , yep that shows them crime doesn’t pay.


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These Local assistant DA’s make Marsha Clark look like a genius. What were they thinking? Let me give them some advice, don’t try to make a living in the private sector. You will starve…..


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Fitting comment on the 21st anniversary of the bronco chase and the tipping point of societal decline.


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Nice comment from someone who knows nothing about the DA’s office. there is only ONE assistant DA and that is Lee Cunningham. Know something about which you are talking, please!


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Just like the old joke; “Thank you your honor, does that mean I get to keep the money I stole?”


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