The $1.2 billion Ponzi scheme that federal authorities charged luxury developer Woodbridge Group of Companies with running has spawned numerous lawsuits. In the latest, lawyers tasked with recovering funds for defrauded investors are going after Comerica Bank, which held accounts belonging to Sherman Oaks-based Woodbridge. The suit also comes two weeks after federal agents arrested Robert Shapiro, the former head of Woodbridge and the alleged mastermind behind the scheme. In November, Shapiro agreed to pay […]
source https://therealdeal.com/la/2019/04/30/comerica-bank-turned-blind-eye-to-woodbridges-1b-ponzi-scheme-lawsuit/#new_tab
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