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Woodbridge Ponzi Defendant Seeks Toss Of SEC Charges

Law360 (February 20, 2018, 9:12 PM EST) -- Ponzi-scheme suspect Robert Shapiro asked a Florida federal court Tuesday to dismiss the Securities and Exchange Commission’s case against him, saying the mortgage notes he sold were not securities.

Shapiro told the court it should dismiss the claims against him for lack of jurisdiction, saying his investors understood that the first position commercial mortgage notes he sold them were not securities and that they didn't fit the legal definition of “securities.” Therefore the SEC has no basis for its claims of Securities Act and Exchange Act...
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Case Information

Case Title

Securities and Exchange Commission v. Shapiro et al


Case Number

1:17-cv-24624

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

Marcia G. Cooke

Date Filed

December 20, 2017

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