Woodbridge, CEO To Pay $1B To Settle Ponzi Fraud Claims

By Dean Seal (January 28, 2019, 3:32 PM EST) -- A Florida federal judge has ordered Woodbridge Group of Companies LLC and its former owner to pay more than $1 billion to resolve claims that it operated as a Ponzi scheme involving a complex web of allegedly phony real estate investments and unregistered Florida-based funds, the U.S. Securities and Exchange Commission announced Monday....

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