From Birch Gold Group
The long and convoluted tale of Woodbridge Group, a real estate conglomerate of more than 100 companies, has finally reached a climactic ending. What may have looked like a promising investment venue just a few years ago was little more than a front for a massive Ponzi scheme.
Seasoned lawmakers undoubtedly struggled to uncook the books of Woodbridge’s 128 companies, but they found that the firm’s premise was simple. Through flashy promotion spearheaded by then-CEO Robert H. Shapiro, Woodbridge targeted cash-ready investors looking to make a sizeable return.
Continue reading “Woodbridge Group Ponzi Scheme Comes to a $1 Billion End”
