Jeri Shapiro waiver sent on 12/22/2017, answer due 2/20/2018. Farm Heroes Saga, the #4 Game on iTunes. . Adobe Reader is required to view the PDFs. Acting U.S. Attorney Gonzalez commended the investigative efforts of the FBI, IRS-CI and OFR in this matter. A federal judge has now ordered them cough up $1 billion in payments and fines after the SEC in 2017 filed an emergency court action. As its sole owner and chief operator, Shapiro compartmentalized Woodbridge operations to restrict access to information concerning Woodbridges finances. 201 East Las Olas Boulevard Public Affairs Officer By using later investor funds to pay earlier investors' interests, Shapiro thus purportedly portrayed the scheme as legitimate when, in fact, it was fraudulent and on the verge of financial disaster. Reports and Letters by the Liquidation Trustee Woodbridge executives settle with SEC for $3.75 million Robert Shapiro | Woodbridge Group of Companies | SEC Juan Antonio Gonzalez, Acting U.S. Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, Tyler R. Hatcher, Acting Special Agent in Charge, Internal Revenue Service, Criminal Investigation (IRS-CI), and the Florida Office of Financial Regulation (OFR), made the announcement. Of that, Shapiro misappropriated approximately $25 million to $95 million in investor money for himself and for the benefit of his immediate family members. Co-defendant Robert Shapiro, the former owner, president, and CEO of Woodbridge Group of Companies LLC ("Woodbridge") was previously . The Securities and Exchange Commission today announced that a federal court in Florida ordered Woodbridge Group of Companies LLC and its former owner to pay $1 billion in penalties and disgorgement for operating a Ponzi scheme that targeted retail investors.. Securities and Exchange Commission v. Shapiro et al - UniCourt 141], United States v. Robert Shapiro - Stipulated Factual Proffer [ECF No. A Liquidation Trust that is being set up in the Woodbridge Chapter 11 bankruptcy case will be responsible for satisfying the disgorgement order. 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. 2019 Ted Fund Donors An official website of the United States government. In March 2021, the Trust received certain Forfeited Assets from the . (Attachments: # (1) Exhibit A # (2) Exhibit B # (3) Exhibit C) (Robinson, Colin). SHAPIRO, JERI SHERMAN OAKS, CA 91423: Woodbridge Group Of Companies/Vice President: $1,000: 10/07/2016: G: SCOTT TAYLOR FOR CONGRESS - Republican: SHAPIRO, JERI . Florida judge orders company to pay $1 BILLION for 'defrauding 8,400 (Robinson, Colin), Affidavit/Declaration of Service re: Entry of Default. Former Woodbridge CEO Robert Shapiro agrees to pay $120M in penalties Jeri 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 . Fla., Miami Division)", Status of Criminal Proceedings Against Robert Shapiro, SPECIAL NOTICE TO HOLDERS OF CLASS A LIQUIDATION TRUST INTERESTS REGARDING "UNCASHED" OR "UNDELIVERABLE" CHECKS, Notice of Quarterly Report of the Liquidation Trust for the period ending March 31, 2019, United States Department of Justice's PRESS RELEASE "Owner of Woodbridge Group and Two Former Directors Charged with $1.3 Billion Investment Fraud (Ponzi) Scheme Involving 10k Victims, United States Securities and Exchange Commission's PRESS RELEASE "SEC Charges Former Woodbridge Directors of Investment Fraud", PRESS RELEASE - WOODBRIDGE LIQUIDATION TRUST ANNOUNCES FIRST DISTRIBUTION TO ITS HOLDERS. Woodbridge and Its Ex-Owner Must Pay $1B Over Alleged Ponzi Scam The scheme also involved misrepresentations to financial planners who helped Woodbridge to sell investments to potential investors. (Attachments: # (1) Notice # (2) Exhibit A # (3) Certificate of Service and Service List) (Robinson, Colin), Request for Entry of Default Solely as to Defendant Schwartz Media Buying Company, LLC Filed by Woodbridge Liquidation Trust. Former Woodbridge Group of Companies CEO Sentenced to 25 Years in 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. We also resolved all related SEC charges against Ms. Shapiro with no finding or . It is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Bradford Sandler, Esq. He also spent at least $21 million of investor money on private jets, luxury country clubs, plus other extravagances, the SEC claims. #167.2 - Filed 10/13/2019: Exhibit 2-art related tracing, - PacerMonitor Mobile Federal and Bankruptcy Court PACER Dockets 'Mr. PDF USA_v_Shapiro_et_al__flsdce-19-20178__0167.2.pdf For instance, after failing to make its regularly scheduled one-year Notes payment on December 1, 2017 and filing for bankruptcy protection shortly thereafter, the Woodbridge Group of Companies sent a letter to investors claiming that its bankruptcy is a strategic effort to "establish a stronger financial platform." 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.