Robert H. Shapiro, former CEO of Woodbridge Group, will serve 25 years in prison for perpetrating a $1.3 billion Ponzi scheme, causing the loss of roughly $470 million for over 8,000 investors.
Tagged with "robert shapiro"
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Maximum Prison Sentence Given to Perpetrator of $1.3B Ponzi Scheme
Posted on October 17th, 2019 at 5:23 PM
Robert Shapiro, Ex-Woodbridge Group CEO Pleads Guilty in $1.3 Billion Fraud
Posted on August 26th, 2019 at 1:46 PM
Robert Shapiro, the former CEO of Woodbridge Group of Companies, has pled guilty to criminal charges as a result of running a $1.3 billion investment fraud that caused more than 7,000 investors to lose money.
Owner of Woodbridge Group and Two Ex-Directors Charged for $1.2 Billion Ponzi-Scheme
Posted on April 23rd, 2019 at 2:24 PM
Federal prosecutors have filed criminal charges in the Central District of California against former Woodbridge Group of Companies LLC owner, Robert H. Shapiro and two ex-directors, Dane R. Roseman and Ivan Acevedo for their roles in orchestrating a $1.3 billion Ponzi scheme involving a complex web of allegedly phony real estate investments and unregistered Florida-based funds.
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