Miller Barondess Files Lawsuit Against Numerous Law Firms for Aiding and Abetting Billion Dollar Ponzi Scheme Above is the title of the 2019 article describing the various lawsuits that the Trustee filed back in 2019. I spoke to Skip Miller late last year for some updates on these efforts. He was very positive, describing that … Continue reading Article on the Various Law Suites Pending
Belated Christmas Present for You!
I'm remis I didn't get this posted up to you right at Christmas, I'm a little late - but late with good news. The date on the copy below is December 22nd, but I have an idea it didn't get published up on the system until around the 30th. But read it for yourself - … Continue reading Belated Christmas Present for You!
$54.5 Million Just Came in!
Woodbridge Liquidation Trust (the “Trust”) agreed to the terms of a settlement of two pending actions against Comerica Bank. The terms of the settlement, reached following negotiations with Comerica Bank and the plaintiffs in a putative class action against Comerica Bank in the United States District Court for the Central District of California (the “District … Continue reading $54.5 Million Just Came in!
Property Listings & Sale Progress
I haven't found much on the progress "our" listings have had in the Los Angeles area. I'm writing this to solicit input from others out there who are tracking listings, and the 'under contract' updates (in California they refer to this as 'in escrow'). Does anyone have updates to pass on? Thanks for the help.
IRS form 4684
I amazed myself that I was able to get one of the attorneys for the Woodbridge trust to respond to my question this morning, on the timing of the IRS forms going out (so folks can file their taxes for 2020). Good news is those forms optimistically will be in the mail to us a … Continue reading IRS form 4684
Trust Distributions posting quickly for IRA’s
I'll chalk it up to a slow business volume for the folks working in the self directed IRA custodian shops .... but in the past when the bankruptcy trust made a distribution, the time lag for folks to get their money posted into their account could take 2 weeks or more. This last distribution seems … Continue reading Trust Distributions posting quickly for IRA’s
Still no clue on ‘tax forms’
I am trying to research what 2019 tax forms the Bankruptcy Trustee is creating for us. Not had much luck yet - not unusual for one of you to know more than I on a given Trustee topic .... Share what you know I guess.
No One’s going to like this
What is below was released Monday late. As you will read they want us all to file for an IRS extension to our 2019 tax filing so this trust can get your IRS forms out to you. I'm just the piano player - I didn't write the music. ************************************************************************************* —February 3, 2020—Woodbridge Liquidation Trust … Continue reading No One’s going to like this
Progress
The Woodbridge ponzi is starting (at least) to unwind. The SEC is more or less out at this point as well as the Chapter 11 bankruptcy court; the real estate crew is now driving this rehabilitation trust effort. As I understand it, the listings in Colorado are selling like hot cakes and closing fast. The … Continue reading Progress
Woodbridge Bankruptcy Update: Timeline, Latest News & More
Note: NOTHING THAT FOLLOWS CAN BE TAKEN AS INVESTMENT ADVICE. YOUR PERSONAL DUE DILIGENCE IS REQUIRED TO DECIDE TO KEEP OR SELL AN INTEREST IN THE Woodbridge Liquidation Trust Are you a noteholder, unitholder, or investor in Woodbridge Wealth / Group of Companies? Looking for the latest updates on the impending Chapter 11 bankruptcy? Are … Continue reading Woodbridge Bankruptcy Update: Timeline, Latest News & More
Lessons Learned from the Woodbridge Scam 