Items Tagged with 'Woodbridge'


  • SEC going after brokers for peddling shares in $1.2 billion real estate Ponzi scheme

    Claims brokers were unlicensed while selling shares in Woodbridge companies
    The Securities and Exchange Commission is already pursuing charges against Robert Shapiro, the founder of the Woodbridge group of companies, for allegedly bilking thousands of investors out of hundreds of millions of dollars via a $1.2 billion real estate Ponzi scheme. And now, the regulator is going after brokers who sold shares in the collapsed group of companies.
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  • Mini-Madoff? SEC accuses Robert Shapiro of running $1.2 billion real estate Ponzi scheme

    Allegedly targeted thousands of investors, including many seniors
    Late last week, the SEC sued Robert Shapiro, the founder of the Woodbridge group of companies and a well-known luxury real estate developer, for allegedly running a $1.2 billion Ponzi scheme that defrauded more than 8,400 investors by promising high returns on real estate investments.
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  • Retail Hurts CMBS Performance: Fitch

    The struggling retail and hotel sectors have hit commercial mortgage-backed securities (CMBS) performance, and loans collateralized by office space may be the next to take a hit. Of the largest mortgages transferred to special servicers — firms that handle loans that are delinquent or on the verge of non-performance — four are collateralized by retail developments, according to a Fitch Ratings report issued Wednesday.
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