Items Tagged with 'Woodbridge'

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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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