United Development Funding IV — Ponzi Scheme Allegations

United Development Funding, Grapevine-based Real Estate Investment Firm, Raided by FBI, Accused of Running $1-Billion “Ponzi-like scheme” FBI Agents were recently seen carrying boxes of evidence out of the Texas offices of Grapevine-based real estate investment firm United Development Funding (UDF), following allegations against the company by Dallas hedge fund manager Kyle Bass currently under… Read more »