(Koonin, Russell) (Entered: 01/04/2018) . 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. CEO Sentenced to 25 Years for Leading $1.3 Billion Real Estate Ponzi Unfortunately, senior investors are a favorite target of Ponzi scammers because many of them have retirement funds and savings. Jeri was pictured with her friend and TV judge Jeanine Pirro in 2016. right. Owners face tougher rules amid fears that boom is harming local areas, Broadcaster Sky reportedly lining up hundreds of job cuts as it grapples with shift to streaming, JP Morgan to snap up most of First Republic Bank after the lender was seized by US regulators, HSBC set for showdown with Chinese investors: Bosses in key AGM confrontation over future of bank as largest shareholder demands break-up, Chip designer Arm registers for US stock market listing - set to be this year's biggest, The idea that Britain has become a benighted backwater is a falsehood that can only serve predatory overseas raiders, says RUTH SUNDERLAND, John Lewis halving size of its HQ after thousands of employees switch to working from home. Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. USAFLS.News@usdoj.gov, Southern District of Florida 19-51076-BLS. 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 . Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Robert Shapiro was accused of fleecing 9,000 investors with a promise of profits on real estate loans, and . 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. Jeri Shapiro. Shapiro, Roseman, and Acevedo falsely claimed that Woodbridge was profitable and advertised high rates of return to investors. Jeri is currently based in Cleve land, Ohio. Filed by Epiq Class Action & Claims Solutions, Inc.. (related document(s)[, Amended Notice of Agenda of Matters Scheduled for Hearing Filed by Liquidation Trust. 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. 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. Woodbridge Financial: Representation of Jeri Shapiro, . 371. Latest Report Filed - Lessons Learned from the Woodbridge Scam Thus, neither Roseman nor Acevedo had direct knowledge that Shapiro was operating a Ponzi scheme by using new Woodbridge investor money to pay prior investors. Woodbridge Group of Companies, LLC Robert Shapiro, left with his wife Jeri, owned The Woodbridge Group of Companies. Call or email SSSEK Law Firm today if you were an investor that lost money in the Woodbridge Ponzi scam. CtMercer Vine''), Riverdale Funding, The Ponzi fraud fell apart after payments to investors stopped and Woodbridge filed for bankruptcy. They worked for Robert Shapiro, Woodbridge's CEO, who in 2019 . Robert Shapiro | Woodbridge Group of Companies | SEC Robert Shapiro of the bankrupt Woodbridge Group used to live at Aspen Glen, where his company also had numerous real estate holdings. 0 Play it now! Petersburg, and Washington, D.C. x|i@W=y$ ! Former Woodbridge CEO Robert Shapiro agrees to pay $120M in - News 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 . 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. Robert Shapiro (1) Guilty Counts 1,10 [ECF No. 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). The scheme generates returns for older investors by acquiring new investors. 2903, DE Bankruptcy Case No. PDF Sealed cxsENo': ;< - CLERK U S. DISJ CT Main Office: 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. And the husband and wife were even thought to have played golf with Happy Days actor Scott Baio, who called them a 'great couple' in the same year. The comments below have not been moderated. 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. }l,%~yK.e]Jr)R%KKds/X_ rc/ p^.HdsW'mS. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. . While SEC investigators were busy unraveling the Woodbridge Ponzi and cover-up scheme, which primarily concerned 12-to-18-month promissory notes and seven private placement fund offerings with five-year terms, Woodbridge's public statements blamed regulators for being too strict, claiming that industry rules were to blame for the company's money troubles. (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. 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. To display the docket in chronological order, Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov, under case number 19-cr-20178. Woodbridge Luxury Homes of California, Inc. served on 12/28/2017, answer due 1/18/2018. Suite 1800 Woodbridge Securities (a/k/a Woodbridge Group of Companies) was a $1.2 billion Ponzi scheme run by CEO Robert H. Shapiro. The SEC has ordered her to disgorge almost $1.4M and pay nearly $165K of prejudgment interest. But his expensive way of life was allegedly at the expense of those who paid money into the scheme, including ABC news anchor George Stephanopoulos. 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 . 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). 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. Judge Marcia G. Cooke ordered Woodbridge and its 281 related companies to pay $892 million in disgorgement. Jeri Shapiro Email & Phone Number - American Gr.. | ZoomInfo 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. Shapiro and Woodbridge used at least $328 million to repay principal and interest . Try our Advanced Search for more refined results. Prior to SEC involvement, states had already begun to uncover the true fraudulent nature of Robert H Shapiro's Woodbridge Group of Companies. In total, Shapiro and his co-conspirators convinced more than approximately 9,000 investors to invest more than $1.29 billion to Woodbridge. hWm8+AVkRwuOB|`.@4KsV. 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 Court Docket Shapiro's wife, Jeri, who was VP at Woodbridge for several years, has also been named as a relief defendant in the lawsuit. June 19, 2018 at 5:00 P.M. How seeing a private dentist need not hurt your wallet as much as you fear: But how much will you pay - and what is the best way to fund your treatment? HEARING CANCELLED. Ponzi Fraud Lawyers In March 2021, the Trust received certain Forfeited Assets from the . In some instances, Shapiro made these fraudulent interest payments even when the advertised investment properties were never acquired. Other victims are said to have included a widow, 89, in a memory care facility in Tennessee. Florida judge orders company to pay $1 BILLION for 'defrauding 8,400 Reports and Letters by the Liquidation Trustee Roseman received approximately $2.5 million in Woodbridge money and Acevedo received approximately $1.1 million. 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!