Grapevine, United Development Funding IV— Ponzi Scheme Allegations

investment fraud attorneysUDF, For over a Decade, Has Allegedly Made More than $1 Billion in Secured Loans to Residential Developers; Peiffer Rosca Wolf Securities Lawyers Are Working to Take Action, Have Been Retained by UDF Investors, and are Concentrating on Investors who Purchased Shares both Prior to, and After, June 2014

For more than a decade, UDF has allegedly made more than $1 billion in secured loans to residential developers in Texas and elsewhere, according to news reports from Texas currently under review by Peiffer Rosca Wolf securities practice attorneys Alan Rosca and James Booker.

An FBI raid began early one morning last week on UDF, and agents were seen carrying boxes out of the building, according to news reports from Texas.

The Peiffer Rosca Wolf securities lawyers are presently conducting an investigation into UDF, have been retained to prosecute claims on behalf of investors, and are preparing to take action and would like to talk to investors that purchased UDF shares both before and after June, 2014.

In November of 2015, UDF disclosed that Whitley Penn had declined to be reappointed as the company’s independent accounting firm, but said there had been no disagreement on accounting issues, according to news reports from Texas presently being reviewed by attorneys Alan Rosca and Joe Peiffer.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemese and are currently investigating UDF’s alleged scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

The Peiffer Rosca Wolf securities lawyers are currently investigating UDF, have been retained to prosecute claims on behalf of investors, and are preparing to take action and would like to talk to investors who purchased UDF shares. Investors who believe they lost money as a result of UDF’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.