Securities Lawyers Blog
The law offices of Gana Weinstein LLP are investigating Woodbridge Group of Companies and the investment funds it controls – a series of Woodbridge Mortgage Funds. The Securities and Exchange Commission (SEC) has recently filed a case seeking documents in connection with its investigation of the Woodbridge Group of Companies for possible violations of the securities laws. The California real estate and investment company has raised over $1 billion from investors under suspicious circumstances. Namely that the firm is engaging in a nationwide investment fraud by offering the sale of unregistered securities through unregistered brokers.
The signs that the Woodbridge Funds are about to become a giant fraud debacle are all there. Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities. Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.
Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.