United Development Funding IV Experiences Events of Default; Suspends Distributions to Shareholders

United Development Funding IV (“UDF IV”), a Texas-based real estate investment trust announced in a May 23, 2016 filing with the Securities and Exchange Commission that it had experienced “certain events of default” and entered into a forbearance agreement with one of its lenders regarding a $35 million loan that originated on July 2, 2014…. Read more »

Grapevine, United Development Funding IV— Ponzi Scheme Allegations

UDF, For over a Decade, Has Allegedly Made More than $1 Billion in Secured Loans to Residential Developers; Peiffer 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… Read more »

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 »