Woodbridge pitched the idea that we have a Note (evidence of debt) and an assignment of the first mortgage against a specific piece of real estate to secure the Note, thus a secured Note. Ordinarily, this would entitle the note holder to foreclose on the note and take some ownership of the real estate if … Continue reading FAQ #7: Will I be entitled to recover my collateral?
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
Lessons Learned from the Woodbridge Scam 