jeri shapiro woodbridge

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. 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. A Ponzi scheme is a fraudulent investing scam promising high with little risk to investors. 173 0 obj <>stream (Admin. 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! Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in To display the docket in chronological order, RS Protection Trust. L.A. developer of celebrity real estate arrested in alleged $1.3 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 complaint alleges she owns assets, including real estate . 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. SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Structured Funding Llc/Executive: $5,000: 03/18/2015: P: RUBIO VICTORY COMMITTEE - Republican: Search: Pachulski Stang Ziehl & Jones LLP, Counsel to Woodbridge Liquidation Trust Jeri Shapiro. Miami, Florida 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. 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 . 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. Fax Line: (305) 530-7679. 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? Bradford Sandler, Esq. They claimed the companies falsely lured investors by advertising high returns on loans supposedly made to commercial property owners. 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. : 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 . 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. (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Robinson, Colin). >Lbbn?\#3vpksKO"wP1ip//<3s|O~a. 919 North Market Street17th Floor Of that, Shapiro misappropriated approximately $25 million to $95 million in investor money for himself and for the benefit of his immediate family members. You have to know whats happening with clients, competitors, practice areas, and industries. He resigned from his role as CEO that December, and the company filed for Chapter 11 bankruptcy. 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. Click to access Woodbridge-10Q-March312022.pdf.pdf. 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. Farm Heroes Saga, the #4 Game on iTunes. Please see our Privacy Policy. Thanks to the kind generosity of Bob and Jeri Shapiro, New Years Eve 2015 at Aspen Glen will remaina night to remember! Woodbridge Liquidation Trust - 2022 Grantor Letter : 06/16/2022 : PRESS RELEASE - Woodbridge Liquidation Trust Announces Cash Distribution . In reality, the SEC says Woodbridge, based in California after it was founded in Boca Raton, made no interest payments and used money from new investors to pay older ones in classic Ponzi scheme fashion. Already a subscriber? 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. Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. 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. Woodbridge executives settle with SEC for $3.75 million Hearing scheduled for 2/8/2022 at 10:30 AM at US Bankruptcy Court, 824 Market St., 3rd Fl., Courtroom #7, Wilmington, Delaware. 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. 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"). Robert Shapiro, his bankrupt company Woodbridge, and others face an SEC complaint on Ponzi allegations with a narrative of luxury partnerships gone awry,. 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. (Attachments: # (1) Exhibit A # (2) Affidavit of Counsel in Support # (3) Exhibit 1 to Affidavit of Counsel # (4) Certificate of Service) (Robinson, Colin). The companys marketing materials touted an over 90% renewal rate from investors because of proven results.. 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! Official websites use .gov 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. Robert Shapiro sentenced to imprisonment for a term of 300 months, supervised release for 3 years, $200 special assessment, restitution and forfeiture. 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. Share sensitive information only on official, secure websites. NEWS. endstream endobj startxref Along with wife Jeri, Shapiro appeared to mix in celebrity circles. 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. Shapiro's wife, Jeri, who was VP at Woodbridge for several years, has also been named as a relief defendant in the lawsuit. jeri shapiro woodbridge 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. 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 . He also spent at least $21 million of investor money on private jets, luxury country clubs, plus other extravagances, the SEC claims. SEC Charges Woodbridge Group of Companies in 'Massive' $1.2 Billion Liquidation Trustee's Status Letter to Beneficiaries, United States v. Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. Other victims are said to have included a widow, 89, in a memory care facility in Tennessee. ', '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. The defendant allegedly promised investors 5-10% in interest yearly. 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? Florida judge orders company to pay $1 BILLION for 'defrauding 8,400 Robert Shapiro | Woodbridge Group of Companies | SEC According to the indictment, superseding information, and court documents, Shapiro spearheaded and concealed an enormous Ponzi scheme through his business, Woodbridge. Jeri Shapiro. Marlene Rodriguez PDF Special Notice - Woodbridge Liquidation Trust Woodbridge Realty of Colorado Throws THE Party of The Year! Colorado and Idaho regulators also initiated investigations of Woodbridge. Shapiro must disgorge $18.5M in ill-gotten gains, as well as pay $2.1 in prejudgment interest and a $100M civil penalty. no. 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? Jeri Shapiro works at American Greetings, which is a Commercial Printing company with an estimated 1633 employees. Woodbridge Trust Seeks Documents From Shapiro's Wife The scheme generates returns for older investors by acquiring new investors. 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. #37.1 - Filed 09/12/2016: Appendix Joint Exhibit and Witness List Hearing scheduled for 5/27/2020 at 10:30 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. 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. 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. Objections due by 2/3/2022. Submitting a contact form, sending a text message, making a phone call, or leaving a voicemail does not create an attorney-client relationship. Michael Goldberg, Liquidation Trustee The SEC announced an investigation of Woodbridge in early December, alleging that Woodbridge sold unregistered securities. Securities and Exchange Commission v. Shapiro et al - UniCourt Revelers at Aspen Glen, New Years Eve 2015. 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 . Law360 provides the intelligence you need to remain an expert and beat the competition. Woodbridge Realty of Colorado Hosts the 2015 New Years Eve Party at Aspen Glen. Roseman received approximately $2.5 million in Woodbridge money and Acevedo received approximately $1.1 million. (Attachments: #1 Exhibit A, Doc. Suite 1800 Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in 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. Roseman started working for Woodbridge as a sales agent in or around August 2012. Former Woodbridge CEO Shapiro pleads guilty, faces up to 25 years in This case is being prosecuted by Assistant U.S. Attorney Roger Cruz. The court ordered Shapiro, accused of using a web of shell companies to conceal the scheme, to pay a $100 million civil penalty and to disgorge $18.5 million in ill-gotten gains plus $2.1 million in prejudgment interest. ) or https:// means youve safely connected to the .gov website. please click here. Shapiro is said to have enjoyed a luxury lifestyle of chartered planes, country-club fees, Porsche cars and pricey jewelry. (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. Here's the link to this latest SEC filing. 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. : 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. Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. Even in the wake of these cease and desist orders, Woodbridge nonetheless continued to sell investment products to residents of the aforementioned states, soliciting approximately $9 million after being instructed to cease and desist, falsely mischaracterizing that the company had been "exonerated of any wrongdoing or fraudulent activity" when no such determination was made. The most notable was the Owlwood Estate, a 10-acre mansion in Holmby Hills once owned by Sonny Bono and Cher. PDF Woodbridge_Structured_Funding_v_Pina_et_al__flsdce-16-81408__0037.1.pdf 145 0 obj <>/Filter/FlateDecode/ID[<48D2A42A9200924AAEB355A705480277>]/Index[128 46]/Info 127 0 R/Length 88/Prev 136995/Root 129 0 R/Size 174/Type/XRef/W[1 3 1]>>stream 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. They used to work at Woodbridge Pre-Settlement Funding. Woodbridge Realty of Colorado Throws THE Party of The Year! Case No. Click here for a video tour ofsome of ourcontemporary spec homes, currently under construction in Snowmass. ', ABC news anchor George Stephanopoulos is said to be one of those fleeced by the scheme, The headquarters of the Woodbridge Group of Companies in Sherman Oaks, California. They were ordered to pay $5.2M in ill-gotten gains with interest. PDF Sealed cxsENo': ;< - CLERK U S. DISJ CT Robert Shapiro - Jeri L. Shapiro's Consent to Forfeiture ECF No. Shapiro at times would utilize another LLCShapiro Property LLCto mask his misconduct, and issue notes from Shapiro Property LLC, with an interest rate of zero, to Woodbridge. % PDF UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA Case No. 17 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. (Robinson, Colin), Order Requiring Omnibus Status Report Addressing Each Pending Adversary Proceeding Signed on 4/13/2021 (MD), Order of Reassignment of Judge. A Liquidation Trust that is being set up in the Woodbridge Chapter 11 bankruptcy case will be responsible for satisfying the disgorgement order. Woodbridge Trust Seeks Documents From Shapiro's Wife 1:02. Please do not include any confidential or sensitive information in a contact form, text message, or voicemail. By Vince Sullivan (October 8, 2019, 4:40 PM EDT) -- The liquidating trust created by the Chapter 11 plan of defunct real estate investment enterprise The Woodbridge Group of Cos. asked a Delaware judge late Monday for permission to take discovery from the wife of the mastermind behind a $1.3 billion Ponzi scheme that defrauded thousands of investors. U.S. Bankruptcy Court for the District of Delaware, Access to case data within articles (numbers, filings, courts, nature of suit, and more.

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