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Woodbridge Settles SEC Claims In $1.2B Investment Scheme

Law360 (May 22, 2018, 9:28 PM EDT) -- The U.S. Securities and Exchange Commission has agreed to settle allegations against a slew of unregistered Florida-based funds called the Woodbridge Group of Cos. LLC, which the agency claimed were used in an alleged $1.2 billion scheme that duped more than 8,400 investors.

U.S. District Judge Marcia G. Cooke on Monday permanently barred the funds from violating the Securities Act in an injunction, and said she will determine later if disgorgement of ill-gotten gains and a civil penalty are appropriate. The funds are currently in Chapter...
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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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