I bought this via Ebay in March 2002. It has early 90's Schwinn Paramount decals on it, but the people at Waterford have confirmed they didn't build it. The guy I bought it from got at a bike shop in Madison, Wisconsin.
I'm about ready to sell it myself, and I'd like to find out what it really is. Any help would be appreciated, to include any telltale signs I should look for. The only identifying mark on the frame is the serial number "77165" stamped on the bottom bracket (other than the apparently bogus decals).