Tag: Robert H. Shapiro

Woodbridge Group of Companies LLC and former owner Robert H. Shapiro fined $1 billion
December 21, 2017 BY LeapRate Staff

Robert H. Shapiro and Woodbridge Group charged in $1.2 billion Ponzi scheme

The U.S. Securities and Exchange Commission (SEC) has announced charges and an asset freeze against a group of unregistered funds and their owner who allegedly bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC investigators filed this action to prevent further dissipation of investor assets after obtaining court orders in September and November in subpoena enforcement actions that forced…

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