SEC's Woodbridge Ponzi Scheme Case Sent To California
Law360 (September 15, 2020, 6:13 PM EDT) -- A U.S. Securities and Exchange Commission lawsuit against three salespeople allegedly involved in Robert Shapiro's $1.2 billion Woodbridge Group Ponzi scheme is heading west after a Florida federal judge agreed with the defendants Tuesday that the Central District of California is a more convenient forum.
Miami-based U.S. District Judge Robert N. Scola Jr. granted motions from defendants Brook Church-Koegel, Nicole Walker and David Goldman, whom the federal regulator has accused of selling unregistered Woodbridge Group securities to some of the more than 8,400 investors duped by Shapiro, concluding that all of the relevant factors either favored transfer to California or were...
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