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Access here alternative investment news about Woodbridge Group | Ponzi Scheme

Woodbridge Group | Ponzi Scheme

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The Securities and Exchange Commission on Monday charged five Floridians with illegally selling securities of a troubled California-based real estate investment firm to unsuspecting investors. The announcement by the agency’s Miami office marks regulators’ latest action against Sherman Oaks, California-based Woodbridge Group and its affiliates, which the SEC last year alleged operated as a $1.2 billion Ponzi scheme before it filed for bankruptcy in December 2017. The five defendants named in the complaint, Barry Kornfeld, ... [more]

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