The law firm is investigating the alleged $1 billion Ponzi scheme by the Woodbridge Group of Companies LLC (“Woodbridge”) in Florida. On December 20, 2017, the SEC filed a complaint against Woodbridge and its officers and various related entities alleging that it was operating a Ponzi scheme. The SEC accused Woodbridge of raising over $1.22 billion through sales of fraudulent notes and fund investments.
On behalf of investors, the law firm is investigating possible avenues of recovery from third-parties such as auditors, brokers, banks or custodians. Third-parties may have had knowledge and/or provided aid to the Woodbridge scheme that would make them liable in whole or in part for the losses.
If any broker or investment advisor recommended or sold the Woodbridge fund to you without proper due diligence, this would also be a basis for a potential legal claim.
If you are an investor in Woodbridge and wish to have your situation reviewed, please contact our firm for an evaluation. You can contact Jake Zamansky by telephone at (212) 742-1414 or by email at firstname.lastname@example.org.