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SEC Rebukes Ponzi Suspect's Bids To Escape Case, Penalties

Law360 (March 6, 2018, 10:21 PM EST) -- The U.S. Securities and Exchange Commission urged a Florida federal judge Tuesday to deny Ponzi scheme suspect Robert H. Shapiro's bids to dismiss its case or to avoid having to disgorge any ill-gotten gains, describing his argument for the latter as “disingenuous and farcical.”

The SEC filed suit in December against the Sherman Oaks, California, businessman, alleging he used a complex web of allegedly phony real estate investments and unregistered Florida-based funds called the Woodbridge Group of Cos. LLC to dupe more than 8,400 investors, many of...
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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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