Robert Shapiro, CEO of Woodbridge Group, was sentenced to 25 years in federal prison on Oct. 15, 2019 for running a $1.3 billion real estate note Ponzi scheme. He was convicted of investment fraud and tax evasion. The scheme defrauded more than 9,000 investors.
Alleged co-conspirators Dane Roseman and Ivan Acevedo are scheduled for trial next year.
THE PAPER SOURCE does not permit note funds to advertise in THE PAPER SOURCE JOURNAL or on our websites or to exhibit at our events. Doubtlessly there are some honest funds, but anyone can hire crooks innocently. ALWAYS own your notes.