At first, I thought you might be hyperbolic or had fallen for some sort of propaganda (for lack of a better term). I don't know much about ICOs and I know/knew less about Paragon.
I figured I'd check and just let you be, figuring I'd not get involved.
So, I went to Google and entered, "Paragon ICO complaints Reddit."
In two minutes, probably less, I'd confirmed that they were as bad as you claim. I spent about a half hour and read a bunch. If anything, you didn't even mention some of the biggest issues.
The whole thing is shady as hell. They mysteriously went from two to five 'programmers' retroactively. Not only will they not name the programmers, they won't show any of their previous work, such as a GitHub account. The owner probably isn't the owner, but is her husband and he has a storied past that makes me question his ethics.
And it goes on and on. It's like the Equifax of crytocurrency, with regards to a continued stream of negative results. One of the complaints is that they are just in it for the money. Well, yeah... I can see that. I can even rationalize that. But, instead of sticking with their agreed pre-sale amount, they sold like five times as many coins.
How the heck is this even legal? I bet US currency was involved and it has been shown before that that's all it takes for the US Feds to get involved and go stomping across borders.
Seriously, how is it legal?
You didn't even exaggerate! They appear worse than your claim!
As for how they ended up on that site and as the top-most link, I find it hard to give the benefit of doubt. It took me one single search to confirm what you said. I only spent the additional time because I like a good train wreck.
I will give them some credit, their balls must need a cart to carry them around. This kind of money attracts strong enemies, regardless of the legality. There is no way in hell that this is legal.