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| BREAKING: Ex-Woodbridge CEO Gets 25 Years For $1.3B Ponzi Scheme
Former Woodbridge Group owner and CEO Robert H. Shapiro was sentenced Tuesday to 25 years in prison for orchestrating a Ponzi scheme that raised $1.3 billion from more than 8,000 investors, resulting in approximately $470 million in losses to them. |
Lessons Learned from the Woodbridge Scam 
When will I get a principle payment and how much will I get on 30k?
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Best guess is the next distribution will be late Oct or November. The %age payout has not been announced.
That’s not much help I know … but that is the status.
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Will their possibly be a distribution at end of the year. I need to take that IRA RMD, the Tax to be paid to IRS on my ‘Fictitious’ Fair Market Value set by ‘Provident’ who won’t show the true Latest Value now set at 40%?
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my best guess is yes in November …. that’s a good GUESS understand
I hope to have a solid update next week
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Have you heard when the next distribution will be.
Sent from my iPhone
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I wasn’t sure if your message was a double …. did you get my reply?
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Heard anymore on when next distribution will be.
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unfortunately no …. I will try to have a solid update next week.
the process is maddening I know.
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Greg, good morning. Any update on next payment. Thanks Danny
Sent from my iPhone
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NO.
I’m suggesting folks email Michael Goldberg the trustee. Do you have the last (U.S. mail) update he sent? That has his email contact – I think he needs to hear form us on how slow this sale / closing / distribution process is.
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