PLEASE NOTE: A verification email will be sent to your address before you can access your trial. ) or https:// means youve safely connected to the .gov website. Receipt Number 9551150, amount $ 350.00. : 138], Notice of Quarterly Report of the Liquidation Trust for the period ending June 30, 2019, SPECIAL NOTICE TO HOLDERS OF CLASS A LIQUIDATION TRUST INTERESTS REGARDING "UPDATE IN CRIMINAL MATTER United States v. Robert Shapiro, 19-cr-20178-CMA (S.D. 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. 19-51076-BLS. Robert Shapiro (1) Guilty Counts 1,10 [ECF No. #37.1 - Filed 09/12/2016: Appendix Joint Exhibit and Witness List 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. According to the Superseding Information and Superseding Indictment, at least 2,600 of these investor victims invested their retirement savings, totaling approximately $400 million. The judgment was against Woodbridge and its 281 related companies, ordering them to pay $892 million in disgorgement As a result, people are putting their namesforward tomake sure theyreon the invitation list for December 31st 2016 and if youd like to be included, just drop by the Woodbridge Realty of Colorado offices at Aspen Glen and introduce yourself. Share sensitive information only on official, secure websites. The docket is currently displayed in reverse chronological order. x|i@W=y$ ! Public Affairs Officer 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). Roseman is scheduled to be sentenced on September 20, at 1:00 p.m. and Acevedo is scheduled to be sentenced on September 20, at 1:30 p.m., by U.S. District Judge Cecilia M. Altonaga, who sits in Miami. 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. Official websites use .gov . : 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. 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. 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 fines and penalties without admitting or denying he orchestrated an alleged Ponzi scheme that cheated investors out of $1.2 billion, according to a filing made last week in federal court. Liquidation Trustee's Status Letter to Beneficiaries, United States v. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. Lock 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. Unfortunately, senior investors are a favorite target of Ponzi scammers because many of them have retirement funds and savings. : 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 . 33132, Telephone: (305) 961-9001 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? 128 0 obj <> endobj 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. Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. 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. 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. Fee Amount $350 (13 (Recovery of money/property - 548 fraudulent transfer)),(14 (Recovery of money/property - other)). At least 2,600 of these investor victims invested their retirement savings, totaling approximately $400 million. Woodbridge Mortgage Investment Fund 2, LLC. Complaint For Avoidance and Recovery of Avoidable Transfers, Fraud, Aiding and Abetting Fraud, Unjust Enrichment, Breach of Fiduciary Duty, and the Sale of Unregistered Securities by Woodbridge Liquidation Trust against Robert Shapiro, 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 Partners, LLC. Judge Janet Kathleen Stickles added to case. Former Woodbridge Group of Companies CEO Sentenced to 25 Years in According to the indictment, superseding information, and court documents, Shapiro spearheaded and concealed an enormous Ponzi scheme through his business, Woodbridge. The scheme also involved misrepresentations to financial planners who helped Woodbridge to sell investments to potential investors. Acevedo started working for Woodbridge as a sales agent in or around 2009, and in 2013 to December 2014 he served as the sales manager of Woodbridge. Responses due by 2/3/2022. Latest Report Filed - Lessons Learned from the Woodbridge Scam Woodbridge Liquidation Trust Attn: Michael Goldberg, Liquidation Trustee c/o Akerman, LLP 350 East Las Olas Boulevard, Suite 1600 . Jeri Shapiro - $149,400 in Political Contributions for 2016 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. They purportedly made no income and did not pay interest on any of these supposed loans. #167.2 - Filed 10/13/2019: Exhibit 2-art related tracing, - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets (Attachments: #1 Exhibit A, Doc. Farm Heroes Saga, the #4 Game on iTunes. Suite 1800 %%EOF The real estate developer was accused of running a $1.2B massive fraud operation. In its motion seeking discovery under Rule 2004 of the Bankruptcy Code, the trust said it needed to obtain documents and records from Jeri Shapiro, the wife of Robert Shapiro, to determine if she . Woodbridge Securities - Wikipedia The most notable was the Owlwood Estate, a 10-acre mansion in Holmby Hills once owned by Sonny Bono and Cher. She was pictured with her friend and TV judge Jeanine Pirro in 2016. Our Woodbridge fraud attorneys can help you explore your legal options. A locked padlock 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 . CEO Sentenced to 25 Years for Leading $1.3 Billion Real Estate Ponzi Woodbridge executives settle with SEC for $3.75 million Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. In some instances, Shapiro made these fraudulent interest payments even when the advertised investment properties were never acquired. Woodbridge Luxury Homes of California, Inc. served on 12/28/2017, answer due 1/18/2018. Securities - MNR Law Firm ', '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. Adobe Reader is required to view the PDFs. Already a subscriber? ), Request for Entry of Default Filed by Woodbridge Liquidation Trust. The scheme generates returns for older investors by acquiring new investors. They claimed the companies falsely lured investors by advertising high returns on loans supposedly made to commercial property owners. Docket (#174) Plaintiff's MOTION for Creation of Fair Fund and for Transfer of Payments to the Woodbridge Bankruptcy Estate's Liquidation Trust by Securities and Exchange Commission. Law360 provides the intelligence you need to remain an expert and beat the competition. 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. Robert Shapiro was accused of fleecing 9,000 investors with a promise of profits on real estate loans, and . Special Counsel to the U.S. Attorney As its sole owner and chief operator, Shapiro compartmentalized Woodbridge operations to restrict access to information concerning Woodbridges finances. Judge Marcia G. Cooke ordered Woodbridge and its 281 related companies to pay $892 million in disgorgement. (U.S. Treasury), Adversary case 19-51076. Securities and Exchange Commission v. Shapiro et al SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Structured Funding Llc/Executive: $5,000: 03/18/2015: P: RUBIO VICTORY COMMITTEE - Republican: Search: The comments below have not been moderated. (Admin. Notice of Agenda of Matters not going forward. 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? Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. Robert Shapiro, pictured with his wife Jeri, are said to have enjoyed a luxury lifestyle before his company wereto pay $1 BILLION accused of defrauding up to 8,400 people, The couple appeared to enjoy mixing in celebrity circles. Thanks to the kind generosity of Bob and Jeri Shapiro, New Years Eve 2015 at Aspen Glen will remaina night to remember! FB 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. ), Motion for Default Judgment against Defendant, Schwartz Media Buying Company, LLC Filed by Woodbridge Liquidation Trust. Securities and Exchange Commission v. Shapiro et al - UniCourt 0 Between 2015 and 2017 he served as the sales manager of Woodbridge.
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