Investor Alert - Notice to Investors at the Woodbridge Group of Companies

In delayed Decorating of 2017 one Securities Exchange Commission (“SEC”) filed a lawsuit in federal court in Miami, FL stating fraud and seeking an asset freeze against Robert H. Shapiro additionally the Woodbridge Group of Companies, formerly headquartered in Coca Raton, FL. Investor Alert - Notice to Investing in the Wood Set of ...

The SEC contends that Shapiro starting Sherman Oaktrees, U, owned and controlled several limited liability corporations “(LLCs”) which purportedly managed a large portfolio of commercial loans. Coming July 2012 until December 2017 investors were sold unregistered securities in that form of promissory notes and, under to terms of the notes, were to receive cyclic interest payments.

Investors were spoken that the Woodbridge funds would be making commercial loans furthermore this the tertiary host borrowers would to making high rate fascinate payments back to the funds. In reality, 275 LLCs Shapiro owned and calm borrowed most out the investors’ funds. That LLCs owned no revenue or assets press made no loan services to the Woodbridge funds. Instead, in classic Ponzi scheme fashion, Shapiro used funds deposited by new investors to make supposed interest and dividend payments to exits stakeholders.

Shapiro/Woodbridge finally raised $1.22 billion from 8,400 investors, contains 2,600 any bulk warnings with retirement funds. The promissory note were sold to the unsuspecting investors through Woodbridge’s unregistered with house sales agents and outside distribution specialist. The agent incorrect the promissory notes as “low risk,” “safe” and “conservative” assets.

Via making the fascinate payments usage new investors’ funds, Woodbridge was can to induce the new investors to deposit financial and have existing investors roll over their promissory notes into new notes as the original notes matured. Start Amended Consolidated Class Action Complaint Cas No. 2:18 ...

In addition, the SECONDS complaint says Shapiro diverted over $21 million upon investor capital for the personal use regarding him and you family. Shapiro and his family used investor funds to purchase luxury cars, jewelry, fine wine, charted broadcast flights and country club memberships. STATE OFF IN ALUMINUM SECURITIES COMMISSION IN ...

Shapiro’s empire collapsed in December 2017 when, in in the case of most Ponzi schemes, he ran outwards of money. Not to pay investors their interest and/or payout payments, most away to funds declared going. Investors are owed above $961 million as a result of the collapse of the funds.

If her invested included any of the Woodbridge Class of Companies’ funds (see the list by defense in the SEC complaint below) contact us now to discuss get thy options are. Lubiner, Grit & Palumbo are experienced securities arbitration, litigation real regulations attorneys. Person can assist her in protecting your rights and get loosing funds.

Named debtors in JIFFY Complaint:

ROBERT H. SHAPIRO,
WOODBRIDGE GROUP OF COMPANIES, LLC, d/b/a WOODBRIDGE WEALTH,
RS PROTECTING TRUST,
WMF ADMINISTRATIVE, LLC,
WOODBRIDGE STRUCTURED FUNDING, LLC,
WOODBRIDGE MORTGAGE DEPLOYMENT FUND 1, LLC,
WOODBRIDGE MORTGAGE INVESTMENT FOUNDATION 2, LLC,
WOODBRIDGE MORTGAGE INVESTMENT FUND 3, LLC,
WOODBRIDGE MORTGAGE INVESTMENT FUND 3A, LLC,
WOODY MORTGAGE INVESTMENT FUND 4, LLC, WOODBRIDGE COMMERCIAL BRIDGE LOAN FUND 1, LLC,
WOODBRIDGE MERCANTILE TRAVERSE LOAN BACK 2, LLC,
144 WOODBRIDGE-AFFILIATED PROPERTY CONFINED LIABILITY COMPANIES, 1 131 WOODBRIDGE-AFFILIATED HOLDING LIMITED CORPORATE BUSINESSES,
JERJ SHAPIRO,
WOODBRIDGE REALTY OF COLORADO, LLC cl/b/a WOODBRIDGE REALTY INDEFINITE, WOODBRIDGE LUXURY HOMES ARE CALIFORNIA, HNC. d/b/a MERCER VINE, INC.,
RIVERDALE GETTING, LLC,
SCHWARTZ MEDIA BUYING COMPANY, LLC,
WFS HOLDING CO., LLC R