John Paul Reddam (born July 28, 1955) is a Canadian businessman, Thoroughbred racehorse owner and a former professor of philosophy at California State University, Los Angeles.
[1] The New York[4] reported that Governor of California Jerry Brown characterized Reddam's company's debt collection methods as loan sharking.
As a young man, Reddam became interested in the harness races held at Windsor Raceway that eventually led to his involvement as an owner while working as a university professor in Los Angeles.
[10] Gregory Kenneth DeLong, Vincent Pozzuoli and Jay David Marx were arrested for allegedly soliciting kickbacks from a Pittsburgh company that provided services for Ditech.
Reddam sued GMAC Mortgage Corp in 2000, alleging that the company failed to pay $200 million that it owed after acquiring Ditech.