Woodbridge Strikes Deal With SEC To Defer Ponzi Penalties
By Vince Sullivan ( May 1, 2018, 9:43 PM EDT) -- Bankrupt real estate holding firm The Woodbridge Group LLC told a Delaware judge Tuesday that it had reached a deal to bifurcate a securities action brought by the U.S. Securities and Exchange Commission in Florida federal court that will allow the deferment of any penalties associated with a Ponzi scheme allegedly perpetrated by the founder of the debtors....
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