We (all) now know that Woodbridge Wealth (one of its many name used to hide the true corporate structure set up by Robert Shapiro) was a fraud and even a Ponzi scheme. It was originally pitched as a master fix/flip real estate hard money lender, which is a legitimate and even conservative business model.
So how did a seemingly safe business end up in Chapter 11 bankruptcy and under investigation by the Securities and Exchange Commission? Watch this video for a recap of how this train flew the tracks.
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