Investors In 'Ponzi-Like' REIT Seek Initial OK Of $13.5M Deal

By Dean Seal (August 24, 2018, 6:28 PM EDT) -- A putative class of investors in the real estate investment trust United Development Funding IV asked a Texas federal judge on Thursday to approve a $13.5 million settlement that would end a suit accusing the company of covering up its "Ponzi-like" nature....

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