Robert Shapiro (1) Guilty Counts 1,10 [ECF No. This case is being prosecuted by Assistant U.S. Attorney Roger Cruz. Acting U.S. Attorney Gonzalez commended the investigative efforts of the FBI, IRS-CI and OFR in this matter. 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? Judge Janet Kathleen Stickles added to case. Do not sell or share my personal information. All the defendants and relief defendants named in the SECs case have settled but without denying or admitting to the regulators allegations. (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. Jeri Shapiro agreed to forfeit more than $9 million in accounts and property that she acknowledged the government could prove had been transferred from the debtors' accounts or had been purchased . (Robinson, Colin), Order Requiring Omnibus Status Report Addressing Each Pending Adversary Proceeding Signed on 4/13/2021 (MD), Order of Reassignment of Judge. A Florida businessman and his former company must pay $1billion for swindling 8,400 people, including ABC anchorGeorge Stephanopoulos, to fund his luxury, celerity studded lifestyle. Shapiro, 61, of Sherman Oaks, California, entered his plea Wednesday in . 201 East Las Olas Boulevard Co-defendant Robert Shapiro, the former owner, president, and CEO of Woodbridge Group of Companies LLC (Woodbridge) was previously sentenced to the maximum sentence of 25 years in prison for his leadership role in the fraud scheme and his separate income tax fraud. Jeri Shapiro, Woodbridge Realty of Colorado, Woodbridge Luxury Homes of California (dba Mercer Vine, Inc), Riverdale Funding, Schwartz Media Buying Company, and WFS Holding Co are listed as relief defendants. Shapiro's wife, Jeri, who was VP at Woodbridge for several years, has also been named as a relief defendant in the lawsuit. (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. 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. Miami, Fl. 'The settlement provides for the return of significant funds to investors.'. (Robinson, Colin), Affidavit/Declaration of Service re: Order. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. Read the SECs Final Judgment in the Woodbridge Case. We are no longer accepting comments on this article. Petersburg, and Washington, D.C. 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. (Attachments: #1 Exhibit A, Doc. Moment commuter blasts eco-zealots, Moment bull suffers catastrophic injuries after leaping from bridge, Russian freight train derails and bursts into flames after explosion, Royal superfans camping on The Mall ahead of King's Coronation, Historic chairs to be reused by the King for the coronation service, Women's rights activists and pro-trans campaigners separated, Saboteurs wreck Russian train cut power cables 37mi from Ukraine, Cambridge students party in the park during annual celebrations, Devastating tornado picks up car and hurls it through air in Florida, Student kicked out of school for 'there are only two genders' t-shirt, Unseen footage of Meghan Markle during her teenage years, Hundreds of Household Division members rehearse for coronation. 17-12560-KJC, #2 . Adobe Reader is required to view the PDFs. -----x adv. (related document(s)[15]) Notice Date 06/26/2020. (Admin. 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 The two executives, Dane Roseman and Ivan Acevedo, were both sales managers for Woodbridge at different times between 2013 and 2017. The docket is currently displayed in reverse chronological order. Marlene Rodriguez Responses due by 2/3/2022. Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. Representation of Jeri Shapiro, the wife of Woodbridge Financial Group's principal and CEO, Robert Shapiro, who was accused of running a $1.3 billion dollar investor Ponzi scheme. Of this $1B, Woodbridge and its 281 related companies must pay $892M in disgorgement. Robert Shapiro, 61, the owner of the Woodbridge Group of Cos., and two other former company executives were accused of conspiracy to commit mail and wire fraud and other violations of federal law . 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 . Published By Shepherd Smith Edwards & Kantas, LLP, NorthStar Financial Services (Bermuda) - Learn More Here, US Securities and Exchange Commission (SEC), Shepherd Smith Edwards and Kantas, LLP (SSEK Law Firm), Woodbridge Structured Funding WMF Management, Woodbridge Mortgage Investment Funds 1, 2, 3, 3A, and 4, Woodbridge Commercial Bridge Loan Funds 1 and 2. Notice of Agenda of Matters not going forward. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Watch: Developer Patrick Carroll "spits" on restaurant manager, Mitsubishi UFJ to sell SF office building at expected 80% discount, Connecticut private island sells for $3.5M. The SEC announced an investigation of Woodbridge in early December, alleging that Woodbridge sold unregistered securities. Shapiro is said to have enjoyed a luxury lifestyle of chartered planes, country-club fees, Porsche cars and pricey jewelry. (Robinson, Colin), Certificate of No Objection Regarding Motion for Default Judgment against Defendant, Schwartz Media Buying Company, LLC (related document(s)[, Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. In fact, you dont even need to live here as we have it all covered. The scheme ran from at least July 2012 to December 2017, when Woodbridge filed for Chapter 11 bankruptcy and defaulted on its obligations to investors. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Affidavit/Declaration of Service re: Liquidation Trusts Status Report for May 19, 2021 Status Conference. Roseman started working for Woodbridge as a sales agent in or around August 2012. 144 Woodbridge-Affiliated Property Limited Liability Companies 131 Woodbridge-Affiliated Holding Limited Liability Companies Jeri Shapiro Woodbridge Realty of Colorado, LLC Woodbridge Luxury Homes of California, Inc. Riverdale Funding, LLC Schwartz Media Buying Company, LLC WFS Holding Co. , LLC . Jeri was pictured with her friend and TV judge Jeanine Pirro in 2016. right. Fee Amount $350 (13 (Recovery of money/property - 548 fraudulent transfer)),(14 (Recovery of money/property - other)). Michigan regulators in 2017 issued Woodbridge Investment Fund 4 a cease and desist notice, similar to previous actions taken by regulators in Massachusetts, Texas, and Arizona. Already a subscriber? Robert Shapiro was accused of fleecing 9,000 investors with a promise of profits on real estate loans, and . 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 $995,000, Sponsors of The Habitat For Humanity Golf Tournament, Aspen Glen, Placed 2nd the Woodbridge Team, Platinum sponsors of the Roaring Fork Conservancy Golf Tournament, Aspen Glen, Mt Sopris from Missouri Heights, Carbondale. Investigators found that Capuano failed to seek or obtain approval from Royal Alliance before participating in the Woodbridge transactions, and that he failed to disclose the sales to the firm. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. In the legal profession, information is the key to success. hbbd```b`` "H9 *LV$^>0LnAQ 2 Hml %30V?0 Q] 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. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Robinson, Colin). #37.1 - Filed 09/12/2016: Appendix Joint Exhibit and Witness List ) or https:// means youve safely connected to the .gov website. 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. 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. Robert Shapiro, a former Roaring Fork Valley resident and former CEO and president of the Woodbridge Group of Companies LLC, faces as many as 25 years in prison after pleading guilty last week to running a $1.3 billion Ponzi scheme that claimed more than 7,000 victims. For instance, after failing to make its regularly scheduled one-year Notes payment on December 1, 2017 and filing for bankruptcy protection shortly thereafter, the Woodbridge Group of Companies sent a letter to investors claiming that its bankruptcy is a strategic effort to "establish a stronger financial platform." NEWS. 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. woodbridge mortgage commercial bridge loan fund 2, llc, 144 woodbridge-affiliated property limited liability companies, 131 woodbridge-affiliated holding limited liability companies, defendants, and jeri shapiro, woodbridge realty of colorado, llc, d/b/a woodbridge realty unlimited, woodbridge luxury homes of california, inc., To make up for the cash deficiency, Shapiro resorted to making Ponzi payments, i.e., hundreds of millions of dollars invested by new investors were used to pay returns to older, existing Woodbridge investors. 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. We represented Jeri Shapiro, the wife of Woodbridge Financial Group's principal and CEO, Robert Shapiro, in related DOJ and SEC proceedings, and secured a binding non-prosecution agreement for her in 2019. 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. Involvement of Judge Brendan Linehan Shannon Terminated (SH), Notice of Withdrawal of Plaintiff's Request for Entry of Default (related document(s)[, Affidavit/Declaration of Service Re: Notice of Agenda and Amended Agenda of Matters Scheduled for Telephonic Hearing on June 24, 2020 at 9:00 A.M. (Prevailing Eastern Time). MNR secured a binding non-prosecution agreement for Ms. Shapiro. The comments below have not been moderated. (related document(s)[28]) Notice Date 01/20/2022. 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. Of that, Shapiro misappropriated approximately $25 million to $95 million in investor money for himself and for the benefit of his immediate family members. 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. His wife, Jeri Shapiro, is a relief defendant in the case. Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. Co-defendant Robert Shapiro, the former owner, president, and CEO of Woodbridge Group of Companies LLC ("Woodbridge") was previously . 128 0 obj <> endobj 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. Jeri Shapiro, Woodbridge Realty of Colorado, Woodbridge Luxury Homes of California (dba Mercer Vine, Inc), Riverdale Funding, Schwartz Media Buying Company, and WFS Holding Co are listed as relief defendants. The returns over summer for all the world's major stock markets revealed, Would you back risky AIM shares to beat inheritance tax? 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. Robert Shapiro, his bankrupt company Woodbridge, and others face an SEC complaint on Ponzi allegations with a narrative of luxury partnerships gone awry,. . . Unbeknownst to investors, Shapiro created and controlled a network of more than 270 limited liability companies, which he used to acquire and sell the properties pitched to investors. 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. 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. 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 $34,000 in commissions for these transactions. (Admin. 173 0 obj <>stream {HB[4A@\@EYD@A@`q[mummuHiyt;iT'~?Nn{(B/&1]T:`!DvBZlrqBDB[iPW=dHb^B=Q[]M!c$D\TU Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. It is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Thanks to the kind generosity of Bob and Jeri Shapiro, New Years Eve 2015 at Aspen Glen will remaina night to remember! To display the docket in chronological order, The Honorable Judge Marcia G. Cooke of the U.S. District Court for the Southern District of Florida approved judgments against . 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). 371. As its sole owner and chief operator, Shapiro compartmentalized Woodbridge operations to restrict access to information concerning Woodbridges finances. 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. 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. The regulator contends that Woodbridge claimed that its main business was to issue loans to third-party commercial property owners. Since the lawsuit hit, a number of Woodbridge-owned properties have come on the market for sale. The real estate developer was accused of running a $1.2B massive fraud operation. In March 2021, the Trust received certain Forfeited Assets from the . 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.
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