A self-described high-end real estate firm, Woodbridge sold notes in various Woodbridge Investment Funds and Woodbridge Commercial Bridge Loan Funds, which many customers paid for using funds from their Individual Retirement Accounts (IRA). Woodbridge, at Shapiro's direction, additionally hired a public relations firm to manipulate search engine results so as to hide the state regulatory orders from customers who searched the Internet for Woodbridge. Notice of Agenda of Matters not going forward. The regulator contends that Woodbridge claimed that its main business was to issue loans to third-party commercial property owners. In March 2021, the Trust received certain Forfeited Assets from the . We are no longer accepting comments on this article. Notice of Agenda of Matters not going forward. : 140], United States v. Robert Shapiro - Plea Agreement [ECF No. Shapiro, 61, of Sherman Oaks, California, entered his plea Wednesday in . 371. Relief defendants Jeri Shapiro (Shapiro's wife), Woodbridge Realty of Colorado, LLC d/b/a Woodbridge Realty Unlimited CtWoodbridge Realty''), Woodbridge Luxury Homes of California, Inc. d/b/a Mercer Vine, lnc. Robert Shapiro (1) Guilty Counts 1,10 [ECF No. % The U.S. Securities and Exchange Commission (SEC) filed parallel civil enforcement actions against Woodbridge, Shapiro, his wife, and Acevedo and Roseman related to the fraud. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[39]) (Gallerie, Bridget), Affidavit/Declaration of Service re: Amended Notice of Agenda of Matters Scheduled for Hearing on February 8, 2022 at 10:30 a.m. (Prevailing Eastern Time) Before the Honorable J. Kate Stickles. Representation of Jeri Shapiro, the wife of Woodbridge Financial Group's principal and CEO, Robert Shapiro, who was accused of running a $1.3 billion dollar investor Ponzi scheme. In a statement he said: 'He is happy to have put this behind him to allow all remaining resources to be focused on obtaining maximum recovery for the benefit of the Woodbridge estate.'.
Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[12], [, Affidavit/Declaration of Service re Entry of Default (related document(s)[15]) Filed by Epiq Class Action & Claims Solutions, Inc.. (Gallerie, Bridget), BNC Certificate of Mailing. Affidavit/Declaration of Service re Notice of Agenda and Amended Agenda of Matters Scheduled for Telephonic Hearing on May 27, 2020 at 10:30 A.M. (Prevailing Eastern Time) (related document(s)[, Notice of Agenda of Matters Scheduled for Telephonic Hearing. HEARING CANCELLED. Colin Robinson, Esq. The Main Las Olas
She was pictured with her friend and TV judge Jeanine Pirro in 2016. 19-51076-BLS. Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm) works with investors that have lost money because they fell victim to a Ponzi scam. ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. CtMercer Vine''), Riverdale Funding, Suite 1800
Shapiro is also banned from any association with any broker, dealer, investment adviser, ratings firm or other financial entity. In reality, the SEC says Woodbridge, based in California after it was founded in Boca Raton, made no interest payments and used money from new investors to pay older ones in classic Ponzi scheme fashion. 33132, Telephone: (305) 961-9001
Robert Shapiro sentenced to imprisonment for a term of 300 months, supervised release for 3 years, $200 special assessment, restitution and forfeiture. The money will be used to compensate the victims of the Ponzi scheme. Play it now! Moment commuter blasts eco-zealots, Moment bull suffers catastrophic injuries after leaping from bridge, Russian freight train derails and bursts into flames after explosion, Royal superfans camping on The Mall ahead of King's Coronation, Historic chairs to be reused by the King for the coronation service, Women's rights activists and pro-trans campaigners separated, Saboteurs wreck Russian train cut power cables 37mi from Ukraine, Cambridge students party in the park during annual celebrations, Devastating tornado picks up car and hurls it through air in Florida, Student kicked out of school for 'there are only two genders' t-shirt, Unseen footage of Meghan Markle during her teenage years, Hundreds of Household Division members rehearse for coronation. Owners face tougher rules amid fears that boom is harming local areas, Broadcaster Sky reportedly lining up hundreds of job cuts as it grapples with shift to streaming, JP Morgan to snap up most of First Republic Bank after the lender was seized by US regulators, HSBC set for showdown with Chinese investors: Bosses in key AGM confrontation over future of bank as largest shareholder demands break-up, Chip designer Arm registers for US stock market listing - set to be this year's biggest, The idea that Britain has become a benighted backwater is a falsehood that can only serve predatory overseas raiders, says RUTH SUNDERLAND, John Lewis halving size of its HQ after thousands of employees switch to working from home. Farm Heroes Saga, the #4 Game on iTunes. Shapiro is said to have enjoyed a luxury lifestyle of chartered planes, country-club fees, Porsche cars and pricey jewelry. Password (at least 8 characters required). 371. (Koonin, Russell) (Entered: 01/04/2018) . Objections due by 2/3/2022. (related document(s)[, Status Report Liquidation Trust's Status Report for May 19, 2021 Status Conference Filed by Michael Goldberg. 919 North Market Street17th Floor
Robert Shapiro, a former Roaring Fork Valley resident and former CEO and president of the Woodbridge Group of Companies LLC, faces as many as 25 years in prison after pleading guilty last week to running a $1.3 billion Ponzi scheme that claimed more than 7,000 victims. The SEC complaint alleges that Shapiro and Woodbridge used investors' money to pay other investors, and paid $64.5 million in commissions to sales agents who pitched the investments as "low risk" and "conservative." . Shapiro would promise investors high returns on their investments, specifically luxury spec homes, only to then channel their money into several different entities he controlled. %PDF-1.7
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Click to access Woodbridge-10Q-March312022.pdf.pdf. Hosted by Woodbridge Realty of Colorado for the second consecutive year,250 revelers and party-hounds danced into the wee small hours of 2016 to the music ofGrammy winning composer, Paul Williams and the smoky, rockingvocals of singer-songwriter Gianna Salvato. Woodbridge Luxury Homes of California, Inc. served on 12/28/2017, answer due 1/18/2018. Share sensitive information only on official, secure websites. By Vince Sullivan (October 8, 2019, 4:40 PM EDT) -- The liquidating trust created by the Chapter 11 plan of defunct real estate investment enterprise The Woodbridge Group of Cos. asked a Delaware judge late Monday for permission to take discovery from the wife of the mastermind behind a $1.3 billion Ponzi scheme that defrauded thousands of investors. U.S. Bankruptcy Court for the District of Delaware, Access to case data within articles (numbers, filings, courts, nature of suit, and more. Law360 takes your privacy seriously. A federal judge has now ordered them cough up $1 billion in payments and fines after the SEC in 2017 filed an emergency court action. A restitution hearing is scheduled for 1/17/20. The companys marketing materials touted an over 90% renewal rate from investors because of proven results.. As its sole owner and chief operator, Shapiro compartmentalized Woodbridge operations to restrict access to information concerning Woodbridges finances. He also is banned from taking part in any penny stock offerings. How an investing trick can protect your family's nest egg but you must be careful how you do it, Will the crackdown on holiday lettings wreck your returns? The real estate developer was accused of running a $1.2B massive fraud operation. The agreement will also . Please see our Privacy Policy. Investigators found that Capuano failed to seek or obtain approval from Royal Alliance before participating in the Woodbridge transactions, and that he failed to disclose the sales to the firm. We also resolved all related SEC charges against Ms. Shapiro with no finding or . Last but not least, if youdrop by ourAspen Glen officeanyFriday, we serve gourmet muffins and fresh coffee all daymeanwhile,all of us at Woodbridge Realty of Colorado wish youa successful and prosperous 2016! (Attachments: #1 Exhibit A, Doc. %PDF-1.5 Fax Line: (305) 530-7679. You have to know whats happening with clients, competitors, practice areas, and industries. Shapiro at times would utilize another LLCShapiro Property LLCto mask his misconduct, and issue notes from Shapiro Property LLC, with an interest rate of zero, to Woodbridge. Main Office:
This case is being prosecuted by Assistant U.S. Attorney Roger Cruz. Unfortunately, senior investors are a favorite target of Ponzi scammers because many of them have retirement funds and savings. Thus, neither Roseman nor Acevedo had direct knowledge that Shapiro was operating a Ponzi scheme by using new Woodbridge investor money to pay prior investors. Colorado and Idaho regulators also initiated investigations of Woodbridge. The following documents are in PDF format. By Lauren Fruen For Dailymail.com and Associated Press, Published: 15:59 EDT, 28 January 2019 | Updated: 17:38 EDT, 29 January 2019. (Robinson, Colin), Affidavit/Declaration of Service RE: [HEARING CANCELLED] Notice of Agenda of Matters Scheduled for Hearing on April 22, 2020 at 10:30 A.M. (Prevailing Eastern Time) (related document(s)[6]) Filed by Epiq Class Action & Claims Solutions, Inc.. (Gallerie, Bridget), Affidavit/Declaration of Service RE: [CANCELLED HEARING] Notice of Agenda of Matters Scheduled for Hearing on March 18, 2020 at 11:00 a.m. (Prevailing Eastern Time) (related document(s)[5]) Filed by Epiq Class Action & Claims Solutions, Inc.. (Staal, Lorri). Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. A Florida businessman and his former company must pay $1billion for swindling 8,400 people, including ABC anchorGeorge Stephanopoulos, to fund his luxury, celerity studded lifestyle. Roseman received approximately $2.5 million in Woodbridge money and Acevedo received approximately $1.1 million. The SEC complaint alleges that Woodbridge and Shapiro's network of both in-house and external agents falsely sold Woodbridge investments as "low risk," "simpler," "safe," and "secure," employing misleading marketing materials that falsely portrayed the nature of Woodbridge, when in fact Shapiro was actively making Ponzi payments to investors, paying significant sales commissions to unregistered sales agents in exchange for selling Woodbridge to the public, and misappropriating investor funds for his own personal use. The contact form sends information by non-encrypted email, which is not secure. SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Structured Funding Llc/Executive: $5,000: 03/18/2015: P: RUBIO VICTORY COMMITTEE - Republican: Search: Thanks to the kind generosity of Bob and Jeri Shapiro, New Years Eve 2015 at Aspen Glen will remaina night to remember! But interest rate threat still looms, warns boss Jamie Dimon, Bell tolls for U.S. banking: With each failure and rescue, the prospects of maintaining confidence look ever more remote, saysALEX BRUMMER, Over 65s hold 2.6TRILLION worth of housing wealth - largely without mortgages - as youngsters battle to get on the ladder, Why 2023 is the worst year to start retirement: Inflation and stock market wobbles hit the pension power of hundreds of thousands of older workers, Should you sell in May? U.S. Attorney's Office, Southern District of Florida, Two Remaining Defendants of $1.3 Billion Investment Fraud (Ponzi) Scheme One of the Largest Ever Charged in South Florida Plead Guilty to Mail and Wire Fraud Conspiracy, Foreign National Sentenced for Using Stolen Identity During COVID-19 Relief Prosecution, Two South Florida Residents Indicted for Stealing Millions in COVID-19 Relief Funds, Palm Beach Resident Headed to Federal Prison for Defrauding Cystic Fibrosis Nonprofit. (related document(s)[15]) Notice Date 06/26/2020. A federal court has ordered the Woodbridge Group of Companies and its former CEO and owner Robert H. Shapiro to pay $1B in disgorgement and penalties for allegedly running a $1.2B Ponzi scam that victimized 8,400 retail investors, including many senior investors who ended up losing their retirement money. The scheme also involved misrepresentations to financial planners who helped Woodbridge to sell investments to potential investors. -----x adv. Woodbridge Mortgage Investment Fund 2, LLC. And the husband and wife were even thought to have played golf with Happy Days actor Scott Baio, who called them a 'great couple' in the same year. Miami, Florida On July 12, 2021, Los Angeles County, California natives, Dane Roseman, 38, and Ivan Acevedo, 44, pled guilty to participating in a massive investment fraud scheme, in which more than 7,000 victims suffered financial losses, in violation of 18 U.S.C. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[28]) (Gallerie, Bridget), BNC Certificate of Mailing. >Lbbn?\#3vpksKO"wP1ip//<3s|O~a. Even in the wake of these cease and desist orders, Woodbridge nonetheless continued to sell investment products to residents of the aforementioned states, soliciting approximately $9 million after being instructed to cease and desist, falsely mischaracterizing that the company had been "exonerated of any wrongdoing or fraudulent activity" when no such determination was made. Hosted by Woodbridge Realty of Colorado for the second consecutive year, 250 revelers and party-hounds danced into the wee small hours of 2016 to the music of Grammy Try our Advanced Search for more refined results. An official website of the United States government. Other relief defendants in the case also settled without denying or admitting to the SECs allegations. Do not sell or share my personal information. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Amended Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. In fact, you dont even need to live here as we have it all covered. Jeri Shapiro (Shapiro's wife), Woodbridge Realty of Colorado, LLC d/b/a Woodbridge Realty Unlimited; Woodbridge . 'The settlement provides for the return of significant funds to investors.'. They used to work at Woodbridge Pre-Settlement Funding. Cocktails, fine wine and Dom Perignon flowed,ushering in 2016 with a grand flourish and the buffetwas afeast for the eyes, withamouthwateringdisplayof prime rib, spring lamb,oysters, crab, shrimp and every type of charcuterieandhors doeurvesimaginable. Ponzi Fraud Lawyers Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. The indictment further alleges that Shapiro caused most of the Woodbridge companies to file Chapter 11 bankruptcy, which caused investors to suffer substantial losses, as they were owed close to $1 billion in principal. Click here for a video tour ofsome of ourcontemporary spec homes, currently under construction in Snowmass. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to follow this blog and receive notifications of new posts by email. Shapiro, the former CEO of Woodbridge Group of Companies, and his wife, Jeri, as well as other entities named as defendants in the SEC lawsuit, will pay a combined $892 million to the commission . The judgment was against Woodbridge and its 281 related companies, ordering them to pay $892 million in disgorgement Throughout the conspiracy, Woodbridges main business model was to solicit money from investors and, in exchange, issue investors promissory notes reflecting purported loans to Woodbridge that paid high monthly interest rates. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Miami, Fl. On August 7, 2019 Robert H. Shapiro, the former CEO of the Woodbridge Group of Companies, pled guilty and admitted in Miami federal . Woodbridge Mortgage Investment Fund 3, LLC, Woodbridge Mortgage Investment Fund 3A, LLC, Shapiro Property and Holding LLC, Woodbridge Commerical Bridge Loan Fund 1, LLC., WMF Management, LLC., Woodbridge Mortgage Investment Fund 2, LLC . In January 2019, The SEC announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and Shapiro to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. Robert Shapiro, an alleged mastermind behind a $1.2 billion Ponzi scheme, has agreed to pay $120 million to the Securities and Exchange Commission as part of a settlement agreement. He also spent at least $21 million of investor money on private jets, luxury country clubs, plus other extravagances, the SEC claims. Those who invested were said to have been told their money would be used to buy 'secure' real estate, with annual returns of up to eight per cent payable each month and were found through advert, cold calls and social media. Robert Shapiro, his bankrupt company Woodbridge, and others face an SEC complaint on Ponzi allegations with a narrative of luxury partnerships gone awry,. Hearing scheduled for 5/19/2021 at 09:00 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. Chicago, DallasFort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, TampaSt. A federal court has ordered the Woodbridge Group of Companies and its former CEO and owner Robert H. Shapiro to pay $1B in disgorgement and penalties for allegedly running a $1.2B Ponzi scam that victimized 8,400 retail investors, including many senior investors who ended up losing their retirement money.Of this $1B, Woodbridge and its 281 related companies must pay $892M in disgorgement. MNR secured a binding non-prosecution agreement for Ms. Shapiro. Home; About. The scheme ran from at least July 2012 to December 2017, when Woodbridge filed for Chapter 11 bankruptcy and defaulted on its obligations to investors. We serve the following localities: Atlanta, Baltimore, Boston. milton davis, robert shapiro, jeri shapiro, dane r. roseman, a/k/a "dayne roseman," ivan acavedo, woodbridge mortgage investment fund 1 llc, the alleged lender, howard l. sherman, and richard salvato defendants. The Commission also cited Shapiro for intentionally arranging for the manipulation of search engine results to hide certain state regulatory orders filed against Woodbridge, and for continuing to sell millions of dollars worth of Woodbridge products to residents of states that had already issued cease-and-desist orders. Jeri Shapiro, 3X A Charm, LLC, Carbondale Basalt Owners, LLC, Davanna Sherman Oaks Owners, LLC, In Trend Staging, LLC, Midland Loop Enterprises, LLC, Schwartz Media Buying Company, LLC, Stover Real Estate . Government FINALLY agrees to fix child benefit fiasco denying parents valuable state pension credits, Are YOU cutting back on pension contributions: Money worries tempt some to opt out - but a five-year gap in your 20s can cost you 114,000, 'We're not your enemies!' Law360 provides the intelligence you need to remain an expert and beat the competition. 1:02. Shapiro must disgorge $18.5M in ill-gotten gains, as well as pay $2.1 in prejudgment interest and a $100M civil penalty. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. (310) 203-4271, Reports and Letters by the Liquidation Trustee, Change Of Name or Address/Registration Of Transfers, Woodbridge Liquidation Trust - 2022 Grantor Letter, PRESS RELEASE - Woodbridge Liquidation Trust Announces Cash Distribution, PRESS RELEASE -Woodbridge Liquidation Trust Announces Cash Distribution, Important Information Regarding the 2021 Grantor Letters for the Woodbridge Liquidation Trust, Notice of Proposed Comerica Class Action Settlement, Notice Concerning Roseman and Acevedo Criminal Case, NOTICE CONCERNING THE JANUARY 27, 2021 DISTRIBUTION, NOTICE TO HOLDERS OF INTERESTS IN THE WOODBRIDGE LIQUIDATION TRUST - Important Information Regarding Your 2020 Income Tax Returns, PRESS RELEASE - Woodbridge Liquidation Trust Urges Its Holders to Safeguard Against Unauthorized E-Mails, Notice to Woodbridge Liquidation Trust Beneficiaries regarding 2019 Grantor Letter, IMPORTANT UPDATE REGARDING YOUR 2019 INCOME TAX RETURNS, PRESS RELEASE - Woodbridge Liquidation Trust Announces DTC Eligibility of Class A Liquidation Trust Interests, PRESS RELEASE - Woodbridge Liquidation Trust Announces Trading Symbol and Intent to Apply to Depository Trust Company for Direct Registration System Services, Notice to Trust Beneficiaries - Important Information Regarding Your 2019 Income Tax Returns, Liquidation Trustees Letter to Holders of Liquidation Trust Interests Regarding Pending Tender Offer by Contrarian Liquidity Option, LLC, Woodbridge Liquidation Trust Announces Cash Distribution, Liquidation Trustees Letter to Holders of Liquidation Trust Interests Regarding Form 10-12G Registration Statement, Recommendation by Liquidation Trustee and Supervisory Board Regarding Contrarian Tender Offer, Liquidation Trustees Letter to Holders of Liquidation Trust Interests Regarding Recommendation on Contrarian Tender Offer, Liquidation Trustee's Letter to Holders of Liquidation Trust Interests regarding Contrarian Funds LLC Tender Offer, Liquidation Trustee's Letter to Holders of Liquidation Trust Interests, Liquidation Trusts Third Quarter Report for the period ending September 30, 2019, Liquidation Trustee's Letter to Beneficiaries regarding the Woodbridge Liquidation Trust Form 10 Registration Statement. As sales managers, these defendants sold Woodbridge securities and trained and supervised Woodbridge internal sales agents who sold Woodbridge securities. Shapiro was the nominee owner of several closely-held companies that received tens of millions of dollars at the direction of her husband, who ultimately pled guilty and was sentenced to 25 years in prison. Neither Roseman nor Acevedo had access to or knowledge of Woodbridges finances and were unaware that Shapiro was using new investor money to pay prior investors. Adobe Reader is required to view the PDFs. For instance, after failing to make its regularly scheduled one-year Notes payment on December 1, 2017 and filing for bankruptcy protection shortly thereafter, the Woodbridge Group of Companies sent a letter to investors claiming that its bankruptcy is a strategic effort to "establish a stronger financial platform." Woodbridge Commerical Bridge Loan Fund 2, LLC. Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. He did not admit nor deny the allegations. SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Group Of Companies/Vice President: $1,000: 10/07/2016: G: SCOTT TAYLOR FOR CONGRESS - Republican: SHAPIRO, JERI . They worked for Robert Shapiro, Woodbridge's CEO, who in 2019 . According to the SEC's complaint, Shapiro fraudulently used money from newer investors to pay returns owed to existing investors all while the Shapiro family lived in luxury, spending investor money on luxury automobiles, jewelry, country club membership, and chartering private planes. Woodbridge Realty of Colorado for all your Real Estate needs in the Aspen and Roaring Fork Valley, Sunrise over The Roaring Fork River at Aspen Glen, Mt Sopris, overlooking the 12th Fairway at Aspen Glen, 18 Buffalo, Aspen Glen Offered at $1,125,000, 18 Buffalo, Aspen Glen Offered at $1,150,000, 12th Fairway at Aspen Glen from 63 Sweetgrass, 63 Sweetgrass view of Mt Sopris Offered at $1,125,000, 63 Sweetgrass, Aspen Glen Offered at $1,125,000, 409 Skipper Dr, Missouri Heights, Carbondale CO Offered at $1,400,000, 59 Rivers Bend, Aspen Glen unexpected elegance at $1,550,000, Lot IS-18, Wildflower Court, Aspen Glen SOLD, Mt Sopris from River Valley Ranch Golf Course, River Valley Ranch Lots Starting at $185,000, Golden Bear Lot overlooking Fairway 5, Aspen Glen Offered at $176,000, Prime Commercial -300 Market St, Willits Offered at $7,000,000, Lot A-9 , 375 Rivers Bend, Aspen Glen Offered at $975,000, Two Creeks, Snowmass Offered at $4,000,000, Lot, Brookie, Aspen Glen Offered at $175,000, 201 & 101 Main St, Carbondale Offered at $1,500,000, 59 Rivers Bend, Aspen Glen offered at $1,550,000, Two Creeks, Snowmass Village Offered at $4,000,000, 154 W Diamond A Ranch Rd, Aspen Glen Offered at $325,000, Rivers Bend Lot A5, Aspen Glen Offered at $850,000, View of Mt Sopris from 59 Rivers Bend, Aspen Glen offered at $1,550,000, 238 Sundance Trail, Aspen Glen $819,000, 72 Golden Bear, The Peaks at Aspen Glen $675,000, 158A Seeberg Circle, Aspen Glen $995,000, Sponsors of The Habitat For Humanity Golf Tournament, Aspen Glen, Placed 2nd the Woodbridge Team, Platinum sponsors of the Roaring Fork Conservancy Golf Tournament, Aspen Glen, Mt Sopris from Missouri Heights, Carbondale. Fort Lauderdale, FL 33301
The defendant allegedly promised investors 5-10% in interest yearly. Fee Amount $350 (13 (Recovery of money/property - 548 fraudulent transfer)),(14 (Recovery of money/property - other)). Shapiro, Roseman, and Acevedo falsely claimed that Woodbridge was profitable and advertised high rates of return to investors. Wilmington DE 19801
Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Affidavit/Declaration of Service re: Notice of Agenda of Matters Scheduled for Hearing on February 8, 2022 at 10:30 a.m. (Prevailing Eastern Time) Before the Honorable J. Kate Stickles. Part of the Daily Mail, The Mail on Sunday & Metro Media Group, I am 70 and live off a successfully invested 220,000 pension fund, but at my age should I buy an annuity? (Robinson, Colin), Affidavit/Declaration of Service re: Entry of Default. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Judge Marcia G. Cooke ordered Woodbridge and its 281 related companies to pay $892 million in disgorgement. The SEC said that the reality was that most of these supposed third-party borrowers were, in fact, companies that Shapiro owned. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. Robert Shapiro of the bankrupt Woodbridge Group used to live at Aspen Glen, where his company also had numerous real estate holdings. Prevailing Eastern TimeGeneral Bar Date, Affidavit/Declaration of Service re: Stipulation of Dismissal of Adversary Proceeding without Prejudice Solely as to Defendant Jeri Shapiro. Of that, Shapiro misappropriated approximately $25 million to $95 million in investor money for himself and for the benefit of his immediate family members. 141], United States v. Robert Shapiro - Stipulated Factual Proffer [ECF No. The regulator accused Woodbridge of using investors funds to pay other investors, as well as $64.5M in sales commissions to agents that had touted the Woodbridge investments as conservative and low risk. Shapiro is accused of using at least $21M of investor funds to support his lavish lifestyle.
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