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Woodbridge Realty of Colorado for all your Real Estate needs in the Aspen and Roaring Fork Valley, Sunrise over The Roaring Fork River at Aspen Glen, Mt Sopris, overlooking the 12th Fairway at Aspen Glen, 18 Buffalo, Aspen Glen Offered at $1,125,000, 18 Buffalo, Aspen Glen Offered at $1,150,000, 12th Fairway at Aspen Glen from 63 Sweetgrass, 63 Sweetgrass view of Mt Sopris Offered at $1,125,000, 63 Sweetgrass, Aspen Glen Offered at $1,125,000, 409 Skipper Dr, Missouri Heights, Carbondale CO Offered at $1,400,000, 59 Rivers Bend, Aspen Glen unexpected elegance at $1,550,000, Lot IS-18, Wildflower Court, Aspen Glen SOLD, Mt Sopris from River Valley Ranch Golf Course, River Valley Ranch Lots Starting at $185,000, Golden Bear Lot overlooking Fairway 5, Aspen Glen Offered at $176,000, Prime Commercial -300 Market St, Willits Offered at $7,000,000, Lot A-9 , 375 Rivers Bend, Aspen Glen Offered at $975,000, Two Creeks, Snowmass Offered at $4,000,000, Lot, Brookie, Aspen Glen Offered at $175,000, 201 & 101 Main St, Carbondale Offered at $1,500,000, 59 Rivers Bend, Aspen Glen offered at $1,550,000, Two Creeks, Snowmass Village Offered at $4,000,000, 154 W Diamond A Ranch Rd, Aspen Glen Offered at $325,000, Rivers Bend Lot A5, Aspen Glen Offered at $850,000, View of Mt Sopris from 59 Rivers Bend, Aspen Glen offered at $1,550,000, 238 Sundance Trail, Aspen Glen $819,000, 72 Golden Bear, The Peaks at Aspen Glen $675,000, 158A Seeberg Circle, Aspen Glen $995,000, Sponsors of The Habitat For Humanity Golf Tournament, Aspen Glen, Placed 2nd the Woodbridge Team, Platinum sponsors of the Roaring Fork Conservancy Golf Tournament, Aspen Glen, Mt Sopris from Missouri Heights, Carbondale. By using later investor funds to pay earlier investors' interests, Shapiro thus purportedly portrayed the scheme as legitimate when, in fact, it was fraudulent and on the verge of financial disaster. The SEC sued Shapiro in December 2017, accusing him of misleading investors. Between 2015 and 2017 he served as the sales manager of Woodbridge. Shapiro and his wife, Jeri, agreed to forfeit assets including paintings by Picasso ("Face With Circles, Picador and Fish Subject"), Renoir ("Portrait de Rosita Mauri"), Chagall ("Le Clown Flutiste . According to the SEC's complaint, Shapiro fraudulently used money from newer investors to pay returns owed to existing investors all while the Shapiro family lived in luxury, spending investor money on luxury automobiles, jewelry, country club membership, and chartering private planes. PDF USA_v_Shapiro_et_al__flsdce-19-20178__0167.2.pdf Securities and Exchange Commission v. Shapiro et al - UniCourt 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. (Admin. Securities and Exchange Commission v. Shapiro, 1:17-cv-24624 Why the digital generation of investors is shaking things up, Rise of the unmotivated buyer and seller: Home sales stall in stand-off over prices in wake of mortgage spike, Equity release nosedives in popularity as typical rates went as high as 8% - and sub-4% deals are unlikely to return f, Rents outside of London soar to an average of 1,190 a month as tenants compete for a lack of homes to let, Victory for mums after five-year This is Money campaign! Co-defendant Robert Shapiro, the former owner, president, and CEO of Woodbridge Group of Companies LLC ("Woodbridge") was previously . Required fields are marked *. . 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). Marlene Rodriguez ', '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. Direct or indirect sales of unregistered securities is a violation of industry regulations, meaning a registered broker, financial adviser, or firm who has sold such securities may be liable for damages that result from associated transactions. Case No. 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. Shapiro and Woodbridge used at least $328 million to repay principal and interest . 2 0 obj Chicago, DallasFort Worth, Denver, Detroit, Houston, Los Angeles, Miami, New York City, Philadelphia, Phoenix, San Bernardino-Riverside, San Diego, San Francisco, Seattle, St. Louis, TampaSt. 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. Jeri Shapiro Email & Phone Number - American Gr.. | ZoomInfo %PDF-1.7 % Jeri, who was also investigated as part of the allegations, is said to have received $3.8 million from Robert in the year before the company's bankruptcy filing, The Wall Street Journal reports. ) or https:// means youve safely connected to the .gov website. . Fort Lauderdale, FL 33301 Woodbridge Realty of Colorado is unique in that from initial concept through to interior design and decorating, we offera full spectrum of services, freeing you up to enjoy everything else our beautiful valley has to offer. But interest rate threat still looms, warns boss Jamie Dimon, Bell tolls for U.S. banking: With each failure and rescue, the prospects of maintaining confidence look ever more remote, saysALEX BRUMMER, Over 65s hold 2.6TRILLION worth of housing wealth - largely without mortgages - as youngsters battle to get on the ladder, Why 2023 is the worst year to start retirement: Inflation and stock market wobbles hit the pension power of hundreds of thousands of older workers, Should you sell in May? The judgment was against Woodbridge and its 281 related companies, ordering them to pay $892 million in disgorgement RS Protection Trust. All the defendants and relief defendants named in the SECs case have settled but without denying or admitting to the regulators allegations. : 140], United States v. Robert Shapiro - Plea Agreement [ECF No. Jeri Shapiro. 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. PDF Special Notice - Woodbridge Liquidation Trust Please see our Privacy Policy. To display the docket in chronological order, In addition to Shapiro and Woodbridge Group of Companies, LLC, the SEC named RS Protection Trust, WMF Management, Woodbridge Structured Funding, Woodbridge Mortgage Investment Fund (1, 2, 3, 3A, and 4), Woodbridge Commercial Bridge Loan Fund (1 and 2), and over 275 additional Woodbridge-affiliated LLCs as defendants. 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. The money will be used to compensate the victims of the Ponzi scheme. Public Affairs Officer Secure .gov websites use HTTPS Along with wife Jeri, Shapiro appeared to mix in celebrity circles. It is alleged up to 8,400 retail investors were defrauded by Boca Raton-based Woodbridge, which filed for bankruptcy in 2017. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. Law360 provides the intelligence you need to remain an expert and beat the competition. 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. The comments below have not been moderated. #167.2 - Filed 10/13/2019: Exhibit 2-art related tracing, - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets Colin Robinson, Esq. (Robinson, Colin), Affidavit/Declaration of Service RE: [HEARING CANCELLED] Notice of Agenda of Matters Scheduled for Hearing on April 22, 2020 at 10:30 A.M. (Prevailing Eastern Time) (related document(s)[6]) Filed by Epiq Class Action & Claims Solutions, Inc.. (Gallerie, Bridget), Affidavit/Declaration of Service RE: [CANCELLED HEARING] Notice of Agenda of Matters Scheduled for Hearing on March 18, 2020 at 11:00 a.m. (Prevailing Eastern Time) (related document(s)[5]) Filed by Epiq Class Action & Claims Solutions, Inc.. (Staal, Lorri). 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. ), Motion for Default Judgment against Defendant, Schwartz Media Buying Company, LLC Filed by Woodbridge Liquidation Trust. He thanked the SEC Miami Regional Office and the U.S. Attorneys Office for the Central District of California for their assistance. This case is being prosecuted by Assistant U.S. Attorney Roger Cruz. Woodbridge Realty of Colorado Hosts the 2015 New Years Eve Party at Aspen Glen. Woodbridge Liquidation Trust v. Shapiro et al Case No. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. ), Request for Entry of Default Filed by Woodbridge Liquidation Trust. 'The settlement provides for the return of significant funds 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. The Main Las Olas Click to access Woodbridge-10Q-March312022.pdf.pdf. As sales managers, these defendants sold Woodbridge securities and trained and supervised Woodbridge internal sales agents who sold Woodbridge securities. 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. Judge Marcia G. Cooke ordered Woodbridge and its 281 related companies to pay $892 million in disgorgement. Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. A restitution hearing is scheduled for 1/17/20. District of Delaware 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. SEC Charges Calif. Businessman In $1.2B Ponzi Scheme A Ponzi scheme is a fraudulent investing scam promising high with little risk to investors. Two Remaining Defendants of $1.3 Billion Investment Fraud (Ponzi endstream endobj startxref Woodbridge Ponzi Scheme: SEC Charges Ponzi Scheme Operators PDF UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA Case No. 17 0 (related document(s)[, Status Report Liquidation Trust's Status Report for May 19, 2021 Status Conference Filed by Michael Goldberg. If you invested with any broker, financial adviser, or firm in the SEC-alleged fraudulent Woodbridge Group of Companies, including Woodbridge Mortgage Investment Fund products or other Woodbridge promissory notes or private placements, and these transactions have proven harmful when the Fund failed to meet its scheduled payment obligations, please call The Law Offices of Jonathan W. Evans & Associates at (800) 699-1881 for an investigation and consultation. Woodbridge Realty of Colorado Throws THE Party of The Year! Southern District of Florida | Owner of Woodbridge Group and Two Former On August 7, 2019 Robert H. Shapiro, the former CEO of the Woodbridge Group of Companies, pled guilty and admitted in Miami federal . 0:00. 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. 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 . (Koonin, Russell) December 29, 2017: Filing 47 SUMMONS (Affidavit) Returned Executed on #1 Complaint, with a 21 day response/answer filing deadline by Securities and Exchange Commission. United States Bankruptcy Court Other victims are said to have included a widow, 89, in a memory care facility in Tennessee. USAFLS.News@usdoj.gov, Southern District of Florida 17-12560-KJC, #2 . Woodbridge executives settle with SEC for $3.75 million Woodbridge Trust Seeks Documents From Shapiro's Wife Law360 may contact you in your professional capacity with information about our other products, services and events that we believe may be of interest.Youll be able to update your communication preferences via the unsubscribe link provided within our communications.We take your privacy seriously. The real estate developer was accused of running a $1.2B massive fraud operation. Federal authorities alleged that Woodbridge defrauded thousands of investors in an $3 billion dollar Ponzi scheme that marketed real . 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! A lock ( The settlement comes exactly two years after the SEC first launched their investigation into the Sherman Oaks-based company and a web of more than 250 Shapiro-controlled shell companies for allegedly orchestrating a fraud. pro. Unfortunately, senior investors are a favorite target of Ponzi scammers because many of them have retirement funds and savings. FB (Robinson, Colin), Order Requiring Omnibus Status Report Addressing Each Pending Adversary Proceeding Signed on 4/13/2021 (MD), Order of Reassignment of Judge. Former Woodbridge CEO Robert Shapiro agrees to pay $120M in - News Woodbridge CEO Robert Shapiro sentenced to 25 years in Ponzi scheme. It is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. NEWS. Robert H. Shapiro, 62, defrauded . Woodbridge Liquidation Trust Attn: Michael Goldberg, Liquidation Trustee c/o Akerman, LLP 350 East Las Olas Boulevard, Suite 1600 . Home; About. Pachulski Stang Ziehl & Jones LLP, Counsel to Woodbridge Liquidation Trust Roseman started working for Woodbridge as a sales agent in or around August 2012. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Affidavit/Declaration of Service re: 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. 201 East Las Olas Boulevard 2019 Ted Fund Donors Robert Shapiro sentenced to imprisonment for a term of 300 months, supervised release for 3 years, $200 special assessment, restitution and forfeiture. At least 2,600 of these investor victims invested their retirement savings, totaling approximately $400 million. 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. (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. 128 0 obj <> endobj The returns over summer for all the world's major stock markets revealed, Would you back risky AIM shares to beat inheritance tax? SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Structured Funding Llc/Executive: $5,000: 03/18/2015: P: RUBIO VICTORY COMMITTEE - Republican: Search: The SEC said that the reality was that most of these supposed third-party borrowers were, in fact, companies that Shapiro owned. hWm8+AVkRwuOB|`.@4KsV. 919 North Market Street17th Floor Ushering in the New Year in Style Thanks to the kind generosity of Bob and Jeri Shapiro, New Year's Eve 2015 at Aspen Glen will remain a night to remember! Miami, Fl. Securities and Exchange Commission v. Shapiro et al, 1:17-cv-24624 (S.D Woodbridge Realty of Colorado Throws THE Party of The Year! Woodbridge Securities - Wikipedia : 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 . : 139], United States v. Robert Shapiro - PAPERLESS Minute Entry for proceedings held before Judge Cecilia M. Altonaga: Change of Plea Hearing as to Robert Shapiro held on 8/7/2019. The Ponzi fraud fell apart after payments to investors stopped and Woodbridge filed for bankruptcy. 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 . This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. As its sole owner and chief operator, Shapiro compartmentalized Woodbridge operations to restrict access to information concerning Woodbridges finances. 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. Securities - MNR Law Firm Shapiro was the nominee owner of several closely-held companies that received tens of millions of dollars at the direction of her husband, who ultimately pled guilty and was sentenced to 25 years in prison. Shapiro, Roseman, and Acevedo falsely claimed that Woodbridge was profitable and advertised high rates of return to investors. PDF Sealed cxsENo': ;< - CLERK U S. DISJ CT You have to know whats happening with clients, competitors, practice areas, and industries. Woodbridge Mortgage Investment Fund 2, LLC. 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 . Do not sell or share my personal information. He also is banned from taking part in any penny stock offerings. Lock 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 of Grammy document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Enter your email address to follow this blog and receive notifications of new posts by email. CtMercer Vine''), Riverdale Funding, (related document(s)[28]) Notice Date 01/20/2022. Our Woodbridge fraud attorneys can help you explore your legal options. Former Woodbridge Group of Companies CEO Sentenced to 25 Years in Official websites use .gov The docket is currently displayed in reverse chronological order. In the legal profession, information is the key to success. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. : 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. Woodbridge Luxury Homes of California, Inc. served on 12/28/2017, answer due 1/18/2018. SEC's Lawsuit Against Woodbridges Robert Shapiro Over a 1.2 Billion Fee Amount $350 (13 (Recovery of money/property - 548 fraudulent transfer)),(14 (Recovery of money/property - other)). Summons and Notice of Pretrial Conference Served on Defendants 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, Jeri Shapiro, Robert Shapiro, Stover Real Estate Partners, LLC. 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. SEC Charges Woodbridge Group of Companies in 'Massive' $1.2 Billion (Koonin, Russell) (Entered: 01/04/2018) . The agreement will also . Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in 371. According to the Superseding Information and Superseding Indictment, at least 2,600 of these investor victims invested their retirement savings, totaling approximately $400 million. In March 2021, the Trust received certain Forfeited Assets from the .