Robert Shapiro has pleaded guilty in federal court to charges related to a $1.3 billion Ponzi scheme he led as the CEO of Woodbridge Group of Companies. Shapiro admitted that he “misappropriated” between $25 million and $95 million in investor funds to fuel his lavish lifestyle and over-the-top luxury purchases, according to the Miami Herald. Most of Woodbridge’s clients were elderly people who unwittingly invested their retirement funds in what turned out to be a […]
source https://therealdeal.com/la/2019/08/08/woodbridges-robert-shapiro-faces-25-years-in-prison-after-pleading-guilty-to-ponzi-scheme/#new_tab
No comments:
Post a Comment