Woodbridge Bankruptcy Fraud Investigation
Already under investigation by the SEC, the Woodbridge Group of Companies, a luxury real estate developer, missed payments on notes sold to investors and filed chapter 11 bankruptcy.
The Securities Lawyers at Peiffer Wolf Carr & Kane are aggressively investigating the recent Chapter 11 Bankruptcy of Woodbridge, specifically as it relates to numerous ongoing investigations by the Securities and Exchange Commission and numerous state-level securities regulators.
Woodbridge recently filed for Chapter 11 bankruptcy after missing payments on notes sold to investors. Specifically, Woodbridge investors were not paid their monthly dividends. Regulators are reportedly focusing their initial investigation on sales of Woodbridge investments by unlicensed investment professionals, as well as numerous others.
As reported in Bloomberg News and cited by Investment News, “[t]he company’s CEO, Robert Shapiro, resigned on Friday but will continue to work as a consultant to the firm, according to a company press release.” Shockingly, he will continue to be paid a monthly fee of $175,000 for consulting. Additionally, Lawrence Perkins is now the company’s new Chief Restructuring Officer and Marc Beilinson is the new Independent Manager.
Peiffer Wolf Carr & Kane’s investment fraud lawyers, lead by Joe Peiffer and Jason Kane, have been investigating Woodbridge, are in currently communicating with investors, are preparing to take action and seek compensation on behalf of Woodbridge Mortgage Fund investors who may have suffered losses.
Woodbridge investors who are concerned about their investments are encouraged to contact the investment fraud attorneys at Peiffer Wolf Carr & Kane for a FREE Consultation by filling out a contact form on this website or by calling 585-310-5140. We can discuss your current circumstances and explore your potential legal options
ATTENTION INVESTORS: Woodbridge Mortgage Fund Investigation
If you are have invested in Woodbridge Wealth or in any of the Woodbridge Mortgage Funds, we may be able to help you fight for recovery of any losses and possibly secure additional compensation.
According to a recent lawsuit filed by the Securities and Exchange Commission, the SEC is currently investigating the offer and sale of unregistered securities, the sale of securities by unregistered brokers, and the commission of fraud in connection with the offer, purchase, and sale of securities.
According to court filings, Woodbridge has raised more than $1 Billion from thousands of investors around the country through multiple investment offerings.
Woodbridge Funds is no stranger to regulatory issues and investigations; according to a Massachusetts enforcement action, “the Woodbridge Funds are commercial lenders that make hard-money loans secured by commercial property.” The Woodbridge Funds raise money from investors to help fund the hard-money loans. The Woodbridge Companies refer to these investments as First Position Commercial Mortgages (“FPCM”).
The Woodbridge Funds advertise that their management teams’ substantial experience lets them maintain a successful lending model and find lending opportunities that are favorable for investors. Investors do not have any role other than providing money. Additionally, the Woodbridge Funds’ marketing materials state that the Woodbridge Funds are obligated to make payments to investors even if the underlying hard-money borrower defaults.
HOW TO PURSUE RECOVERY OF YOUR WOODBRIDGE MORTGAGE FUND INVESTMENTS.
Due to FPCMs involving risk typically to real estate investments, a Woodbridge Mortgage Fund Investor may need to pursue action against the Woodbridge Fund, the registered investment broker, and the third party hard-money borrower to recover losses.
Some Woodbridge Entities and Woodbridge Funds of note, include:
- WMF Management, LLC
- Woodbridge Group of Companies, LLC
- Woodbridge Mortgage Investment Fund 1, LLC
- Woodbridge Mortgage Investment Fund 2, LLC
- Woodbridge Mortgage Investment Fund 3, LLC
- Woodbridge Mortgage Investment Fund PA, LLC
- Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)
Do You Suspect that You Were a Victim of Woodbridge or the Woodbridge Mortgage Funds?
If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr & Kane has represented thousands of victims, and we remain committed to fighting on behalf of investors.
Contact us and tell us about your case
We have represented thousands of victims of investment fraud, against financial institutions that failed to discharge their duties and protect the investing public. Each case is different and our past successes are not indicative of future results; we will be glad to review your case and advise you as to your options, at no charge.
We generally represent investors on a “contingency fee” basis, meaning we do not charge any legal fees unless and until we recover money for you. Our general practice is to advance the case costs on the client’s behalf and recoup them out of (and up to) the amounts recovered. A few jurisdictions (states) require the client to be responsible for the case costs; whenever that is the case we explain to the client what those costs entail.
If you believe you lost money because of investment fraud, it is important to take action. You may call at 585-310-5140, email us, or contact us by using the “Contact” form on this page, and tell us about your case. There is no charge for us to evaluate your case.