Over the years, SSEK Law Firm helped thousands of clients in getting back their financial losses caused by broker fraud, investment adviser fraud, and other kinds of securities fraud. Shapiro's lawyer Ryan O'Quinn said his client settled the SEC action but had not admitted the allegations and has previously denied running Woodbridge as a Ponzi scheme. Securities and Exchange Commission v. Shapiro et al - UniCourt This resolution accomplishes one of the SEC's core missions to protect retail investors,' said Stephanie Avakian, Co-Director of the SEC's Division of Enforcement. (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. They claimed the companies falsely lured investors by advertising high returns on loans supposedly made to commercial property owners. Woodbridge Commerical Bridge Loan Fund 2, LLC. 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. 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 . Wife Jeri, left, pictured here with TV judgeJeanine Pirro in 2016, Shapiro is said to have enjoyed a luxury lifestyle of chartered planes, country-club fees, Porsche cars and jewelry and even played gold with actor Scott Baio. (Attachments: #1 Exhibit A, Doc. Former Woodbridge Group of Cos. president and CEO Robert Shapiro has reached a settlement deal with the Securities and Exchange Commission by agreeing to pay more than $120 million . In fact, you dont even need to live here as we have it all covered. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Hearing scheduled for 5/19/2021 at 09:00 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. 0:00. 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. Woodbridge Realty of Colorado Throws THE Party of The Year! Florida judge orders company to pay $1 BILLION for 'defrauding 8,400 In 2017, the US Securities and Exchange Commission (SEC) filed charges against Woodbridge, which it called a group of unregistered investment companies, and other defendants. 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. (Robinson, Colin), Affidavit/Declaration of Service re: Entry of Default. 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." Robert Shapiro, 61, the owner of the Woodbridge Group of Cos., and two other former company executives were accused of conspiracy to commit mail and wire fraud and other violations of federal law . The Trust entered into a resolution agreement with the DOJ which provided that the Trust would receive the assets forfeited by Robert and Jeri Shapiro (the "Forfeited Assets"). 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. 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. %PDF-1.7 % Read the SECs Final Judgment in the Woodbridge Case. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[22]) (Gallerie, Bridget), Notice of Agenda of Matters Scheduled for Hearing Filed by Michael Goldberg. Former Woodbridge CEO Robert Shapiro agrees to pay $120M in - News You have to know whats happening with clients, competitors, practice areas, and industries. 'The settlement provides for the return of significant funds to investors.'. no. 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? White Collar Criminal Defense - MNR Law Firm 'Mr. Special Counsel to the U.S. Attorney The owner of a company accused of defrauding over 50 Treasure Coast residents in a nationwide Ponzi scheme was sentenced to 25 years in prison Tuesday. : 143], United States v. Robert Shapiro - PAPERLESS Notice of Sentencing Hearing as to Robert Shapiro set for 10/15/19 @ 8:30 a.m. [ECF No. Click here for a video tour ofsome of ourcontemporary spec homes, currently under construction in Snowmass. Shapiro is also banned from any association with any broker, dealer, investment adviser, ratings firm or other financial entity. . Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. 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. 128 0 obj <> endobj The SEC said that the reality was that most of these supposed third-party borrowers were, in fact, companies that Shapiro owned. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov, under case number 19-cr-20178. (related document[, First Amended Complaint to Modify Party Filed by Woodbridge Liquidation Trust (related document(s)[, Receipt of filing fee for Complaint(19-51076-BLS) [cmp,cmp] ( 350.00). Your email address will not be published. L.A. developer of celebrity real estate arrested in alleged $1.3 0 Jeri Shapiro, Shapiro's wife, was named as a relief defendant in the suit for her role serving as a vice president at Woodbridge since about 2012, and also for being in possession of real property . He also spent at least $21 million of investor money on private jets, luxury country clubs, plus other extravagances, the SEC claims. Unbeknownst to investors, Shapiro created and controlled a network of more than 270 limited liability companies, which he used to acquire and sell the properties pitched to investors. Prior to SEC involvement, states had already begun to uncover the true fraudulent nature of Robert H Shapiro's Woodbridge Group of Companies. Woodbridge falsely claimed that these investments were tied to real property owned by third parties and that the third parties would be making the interest payments to Woodbridge and its investors; it was portrayed as an investment in a hard-money lending business. Roseman received approximately $2.5 million in Woodbridge money and Acevedo received approximately $1.1 million. #37.1 - Filed 09/12/2016: Appendix Joint Exhibit and Witness List : 143] 08/07/2019 : United States v. Robert Shapiro - PAPERLESS Notice of Sentencing Hearing as to Robert Shapiro set for 10/15/19 @ 8:30 a . 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 scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. 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. Shapiro, Roseman, and Acevedo falsely claimed that Woodbridge was profitable and advertised high rates of return to investors. 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. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Amended Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. 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. Despite Woodbridges claims that these investments would be backed by properties owned by third parties, in fact, to the extent that the properties existed, they were secretly owned by Shapiro. <>stream His wife, Jeri Shapiro, is a relief defendant in the case. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. Two Remaining Defendants of $1.3 Billion Investment Fraud (Ponzi 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. 17-12560-KJC, #2 . The complaint alleges she owns assets, including real estate . Click here to login, 2023, Portfolio Media, Inc. | About | Contact Us | Legal Jobs | Advertise with Law360 | Careers at Law360 | Terms | Privacy Policy | Cookie Settings | Help | Site Map, Enter your details below and select your area(s) of interest to stay ahead of the curve and receive Law360's daily newsletters, Email (NOTE: Free email domains not supported). Main Office: 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. He thanked the SEC Miami Regional Office and the U.S. Attorneys Office for the Central District of California for their assistance. While SEC investigators were busy unraveling the Woodbridge Ponzi and cover-up scheme, which primarily concerned 12-to-18-month promissory notes and seven private placement fund offerings with five-year terms, Woodbridge's public statements blamed regulators for being too strict, claiming that industry rules were to blame for the company's money troubles. Jeri Shapiro Email & Phone Number - American Gr.. | ZoomInfo 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.'. The agreement will also . The money will be used to compensate the victims of the Ponzi scheme. 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." . Even as it filed for bankruptcy, Woodbridge retained Shapiro as a "consultant," for which the company paid a rate of $175,000 per month to another entity called "WMF Management," formed in September 2017, that Shapiro owns and manages. #167.2 - Filed 10/13/2019: Exhibit 2-art related tracing, - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets Woodbridge Group of Companies, LLC 371. Prior to SEC involvement, states had already begun to uncover the true fraudulent nature of Robert H Shapiro's Woodbridge Group of Companies. woodbridge mortgage commercial bridge loan fund 2, llc, 144 woodbridge-affiliated property limited liability companies, 131 woodbridge-affiliated holding limited liability companies, defendants, and jeri shapiro, woodbridge realty of colorado, llc, d/b/a woodbridge realty unlimited, woodbridge luxury homes of california, inc., 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. We also resolved all related SEC charges against Ms. Shapiro with no finding or . Call or email SSSEK Law Firm today if you were an investor that lost money in the Woodbridge Ponzi scam. PDF USA_v_Shapiro_et_al__flsdce-19-20178__0167.2.pdf Official websites use .gov 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! Notice of Agenda of Matters not going forward. PLEASE NOTE: A verification email will be sent to your address before you can access your trial. (Robinson, Colin), Certificate of No Objection Regarding Motion for Default Judgment against Defendant, Schwartz Media Buying Company, LLC (related document(s)[, Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. Ted's Bio; Fact Sheet; Hoja Informativa Del Ted Fund; Ted Fund Board 2021-22; 2021 Ted Fund Donors; Ted Fund Donors Over the Years. 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. Colin Robinson, Esq. Marlene Rodriguez The comments below have not been moderated. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[28]) (Gallerie, Bridget), BNC Certificate of Mailing. 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. They used to work at Woodbridge Pre-Settlement Funding. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. Woodbridge employed approximately 130 people and had offices located throughout the United States, including in Boca Raton, Florida; Sherman Oaks, California; Colorado; Tennessee; and Connecticut. Other relief defendants in the case also settled without denying or admitting to the SECs allegations. Court Docket The Ponzi fraud fell apart after payments to investors stopped and Woodbridge filed for bankruptcy. Your email address will not be published. Michigan regulators in 2017 issued Woodbridge Investment Fund 4 a cease and desist notice, similar to previous actions taken by regulators in Massachusetts, Texas, and Arizona. 141], United States v. Robert Shapiro - Stipulated Factual Proffer [ECF No. Jeri Shapiro works at American Greetings, which is a Commercial Printing company with an estimated 1633 employees. ), Motion for Default Judgment against Defendant, Schwartz Media Buying Company, LLC Filed by Woodbridge Liquidation Trust. The contact form sends information by non-encrypted email, which is not secure. 145 0 obj <>/Filter/FlateDecode/ID[<48D2A42A9200924AAEB355A705480277>]/Index[128 46]/Info 127 0 R/Length 88/Prev 136995/Root 129 0 R/Size 174/Type/XRef/W[1 3 1]>>stream 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. The Woodbridge sales operation controlled by Shapiro, managed by Acevedo then Roseman, functioned as a phone room and featured high-pressure sales tactics, deception, and manipulation. Latest Report Filed - Lessons Learned from the Woodbridge Scam Share sensitive information only on official, secure websites. ', 'Our complaint charged that when Woodbridge's fictitious business model collapsed, the company stopped paying investors and filed for Chapter 11 bankruptcy protection,' said Eric I. Bustillo, Director of the SEC's Miami Regional Office. He would then use new investments to pay off older ones. Case No. 144 Woodbridge-Affiliated Property Limited Liability Companies 131 Woodbridge-Affiliated Holding Limited Liability Companies Jeri Shapiro Woodbridge Realty of Colorado, LLC Woodbridge Luxury Homes of California, Inc. Riverdale Funding, LLC Schwartz Media Buying Company, LLC WFS Holding Co. , LLC . 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. Securities and Exchange Commission v. Shapiro et al The Woodbridge Group of Companies and its former owner Robert Shapiro were ordered to pay the money to investors as well as civil fines and interest, The Securities and Exchange Commission (SEC) said. The SEC announced an investigation of Woodbridge in early December, alleging that Woodbridge sold unregistered securities. Colorado and Idaho regulators also initiated investigations of Woodbridge. Farm Heroes Saga, the #4 Game on iTunes. pro. Former Woodbridge Group of Companies CEO Sentenced to 25 Years in Securities and Exchange Commission v. Shapiro et al, 1:17-cv-24624 (S.D (related document(s)[15]) Notice Date 06/26/2020. . >Lbbn?\#3vpksKO"wP1ip//<3s|O~a. 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. However, Shapiros real estate portfolio failed to generate sufficient cash flow to satisfy the loan obligations and interest payments owed to investors. The scheme generates returns for older investors by acquiring new investors. 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 .

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