Play it now! The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Relief defendants Jeri Shapiro (Shapiro's wife), Woodbridge Realty of Colorado, LLC d/b/a Woodbridge Realty Unlimited CtWoodbridge Realty''), Woodbridge Luxury Homes of California, Inc. d/b/a Mercer Vine, lnc. Woodbridge Luxury Homes of California, Inc. served on 12/28/2017, answer due 1/18/2018. Fla., Miami Division)", Status of Criminal Proceedings Against Robert Shapiro, SPECIAL NOTICE TO HOLDERS OF CLASS A LIQUIDATION TRUST INTERESTS REGARDING "UNCASHED" OR "UNDELIVERABLE" CHECKS, Notice of Quarterly Report of the Liquidation Trust for the period ending March 31, 2019, United States Department of Justice's PRESS RELEASE "Owner of Woodbridge Group and Two Former Directors Charged with $1.3 Billion Investment Fraud (Ponzi) Scheme Involving 10k Victims, United States Securities and Exchange Commission's PRESS RELEASE "SEC Charges Former Woodbridge Directors of Investment Fraud", PRESS RELEASE - WOODBRIDGE LIQUIDATION TRUST ANNOUNCES FIRST DISTRIBUTION TO ITS HOLDERS. 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. ASPEN Meat & Cheese Restaurant & Farm Shop, GLENWOOD SPRINGS Juicy Lucy's Steakhouse, Elevating Real Estate at Desert Mountain, Scottsdale, AZ. Wed love to meet you and give you a tour of Aspen Glen, itsworld-class Clubhouse andthe many gorgeousavailable lots for purchase here and by no means least, youll be able to take a sneak peek at some of ourbeautiful Aspen Glen custom spec homes that aredue for completion laterthis summer. PDF UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA - Archive The SEC has ordered her to disgorge almost $1.4M and pay nearly $165K of prejudgment interest. In January 2019, The SEC announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and Shapiro to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors. Here are some of the companies, aside from Woodbridge Group of Companies, that are defendants in the SECs Ponzi fraud case: Shapiro is now permanently barred from associating with brokers, investment advisers, municipal advisers, and others in the securities industry. ', '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. Case No. Between 2015 and 2017 he served as the sales manager of Woodbridge. The SEC also charged 18 sales agents. Call or email SSSEK Law Firm today if you were an investor that lost money in the Woodbridge Ponzi scam. They purportedly made no income and did not pay interest on any of these supposed loans. The scheme generates returns for older investors by acquiring new investors. A federal court has ordered the Woodbridge Group of Companies and its former CEO and owner Robert H. Shapiro to pay $1B in disgorgement and penalties for allegedly running a $1.2B Ponzi scam that victimized 8,400 retail investors, including many senior investors who ended up losing their retirement money.Of this $1B, Woodbridge and its 281 related companies must pay $892M in disgorgement. In fact, you dont even need to live here as we have it all covered. It is further ORDERED and ADJUDGEDthat Jeri Shapiro shall satisfy the disgorgement and prejudgment interest due to the Commission by paying $100,000 as set forth in the payment plan in Paragraph II and disgorging the following assets to the bankruptcy estate in the matter of In Re Woodbridge Group of Companies, LLC, et al., Case No. Michael Goldberg, Liquidation Trustee (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. Securities - MNR Law Firm Partygoers were all in agreement that this was undoubtedly theevent of the year and many were already anticipating how much fun New Years Eve 2016 was going to be! 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." . Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. Jeri was pictured with her friend and TV judge Jeanine Pirro in 2016. right. Other relief defendants in the case also settled without denying or admitting to the SECs allegations. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Amended Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. 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 . According to the indictment, superseding information, and court documents, Shapiro spearheaded and concealed an enormous Ponzi scheme through his business, Woodbridge. Bradford Sandler, Esq. 2903, DE Bankruptcy Case No. (Admin. Woodbridge Commerical Bridge Loan Fund 2, LLC. Marcus Neiman Rashbaum & Pineiro LLP - Chambers and Partners Woodbridge Realty of Colorado Throws THE Party of The Year! 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 . hWm8+AVkRwuOB|`.@4KsV. 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. (related document(s)[15]) Notice Date 06/26/2020. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Court Orders $1 Billion Judgment Against Operators of Woodbridge Ponzi 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"). Court Docket Woodbridge Liquidation Trust Attn: Michael Goldberg, Liquidation Trustee c/o Akerman, LLP 350 East Las Olas Boulevard, Suite 1600 . ), Create custom alerts for specific article and case topics and, I took a free trial but didn't get a verification email. A lock ( . The comments below have not been moderated. endstream endobj 129 0 obj <>/Metadata 19 0 R/Pages 126 0 R/StructTreeRoot 26 0 R/Type/Catalog/ViewerPreferences 146 0 R>> endobj 130 0 obj <>/MediaBox[0 0 612 792]/Parent 126 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 131 0 obj <>stream On August 7, 2019 Robert H. Shapiro, the former CEO of the Woodbridge Group of Companies, pled guilty and admitted in Miami federal . Along with wife Jeri, Shapiro appeared to mix in celebrity circles. Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. (Attachments: # (1) Exhibit A # (2) Declaration # (3) Exhibit 1 to Declaration # (4) Certificate of Service) (Robinson, Colin), Affidavit/Declaration of Service re: Notice of Agenda of Matters Scheduled for Hearing on May 19, 2021 at 9:00 AM (Prevailing Eastern Time) before the Honorable J. Kate Stickles. Woodbridge Realty of Colorado Throws THE Party of The Year! Filed by Liquidation Trust. The property, first listed for $180 million, dropped to $115 million in September. Fee Amount $350 (13 (Recovery of money/property - 548 fraudulent transfer)),(14 (Recovery of money/property - other)). Hearing scheduled for 5/27/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. SEC's Lawsuit Against Woodbridges Robert Shapiro Over a 1.2 Billion Law360 takes your privacy seriously. June 19, 2018 at 5:00 P.M. Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in Judge Marcia G. Cooke ordered Woodbridge and its 281 related companies to pay $892 million in disgorgement. By Lauren Fruen For Dailymail.com and Associated Press, Published: 15:59 EDT, 28 January 2019 | Updated: 17:38 EDT, 29 January 2019. The returns over summer for all the world's major stock markets revealed, Would you back risky AIM shares to beat inheritance tax? 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. 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. The SEC announced an investigation of Woodbridge in early December, alleging that Woodbridge sold unregistered securities. CtMercer Vine''), Riverdale Funding, Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[28]) (Gallerie, Bridget), BNC Certificate of Mailing. -----x adv. endstream endobj startxref 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, Bloomberg reported. Reports and Letters by the Liquidation Trustee Here's the link to this latest SEC filing. 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 . 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. no. The SEC formally charged Woodbridge Group of Companies and owner Robert H Shapiro of Sherman Oaks, California and Aspen, Colorado with securities fraud, ordering their assets frozen and alleging the group defrauded more than 8,400 investors, many of whom were seniors who financed their investments by using retirement savings, in a "massive" $1.2 billion Ponzi scheme that utilized unregistered Woodbridge Funds. 19-51076-BLS. Shapiro's wife, Jeri, who was VP at Woodbridge for several years, has also been named as a relief defendant in the lawsuit. Lock Your email address will not be published. Federal authorities alleged that Woodbridge defrauded thousands of investors in an $3 billion dollar Ponzi scheme that marketed real . ABC news anchor Mr. Stephanopoulos told The Wall Street Journal: 'Like many others, I was a victim of Woodbridge and now must deal with the consequences of its bankruptcy. He resigned from his role as CEO that December, and the company filed for Chapter 11 bankruptcy. An example of one of these salespersons is former Royal Alliance Associates broker Frank John Capuano (CRD #844182), whom FINRA sanctioned for offering and selling $1.1 million in allegedly unregistered Woodbridge notes to nine Royal Alliance customers, receiving over $34,000 in commissions for these transactions.