Great news (I feel), on Monday I learned the Delaware bankruptcy court approved or adopted the rehabilitation plan presented to all of us based on positive ballots received. I feel this is great news as this plan was agreed to by all the internal groups or parties - thus no internal litigation between Unit, Noteholders, … Continue reading Good News on the Chapter 11 rehabilitation plan
Woodbridge Ponzi and Fraud – why are they in Chapter 11
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 … Continue reading Woodbridge Ponzi and Fraud – why are they in Chapter 11
The Journey Begins
My name is Greg W. Anderson. I live in Fort Collins Colorado - four kids and a lovely wife Paula. Through my business Balanced Financial Inc I help ease the struggle of moving from working and accumulating nest eggs into retirement and the distribution phase of life. Part of what we do is try to … Continue reading The Journey Begins
Lessons Learned from the Woodbridge Scam 