The Securities and Exchange Commission has launched an investigation against Woodbridge. In a recent petition to enforce subpoenas, the SEC alleged that Woodbridge may have committed securities violations.
Woodbridge has represented to investors that bona-fide third parties are borrowing money and repaying interest at a high rate, of which the investors in Woodbridge funds get a portion thereof. However, evidence obtained in our investigation reveals that many, if not, of these LLCs may be Woodbridge affiliates with Shapiro [Woodbridge’s president] as their manager.
Woodbridge has also been accused of a number of securities violations by several state securities regulators.
The Peiffer Wolf Carr & Kane securities lawyers are investigating and preparing to take action. They have been in contact with Woodbridge investors and are evaluating a number of legal proceedings to seek compensation for those investors’ investments in Woodbridge programs.
Woodbridge investors may contact the Peiffer Wolf Carr & Kane attorneys Jason kane or James Booker for a free, no-obligation evaluation of their recovery options via email at email@example.com , toll free at 216-589-9280, or through the contact form on this website.