SEC alleges ex-Florida firm defrauded thousands

[dealmaker]

SEC alleges ex-Florida firm defrauded thousands
The Securities and Exchange Commission is charging that a former Florida-based company defrauded thousands of investors in a $1.2 billion Ponzi scheme. The SEC filed a civil complaintThursdayin federal court in Miami claiming Robert H. Shapiro and his Woodbridge Group of Companies, formerly headquartered in Boca Raton, defrauded more than 8,400 investors. A federal judge issued a temporary asset freeze and ordered an immediate accounting of investor money.(Associated Press)

 

[Overnight]

And to think...These are just the ones we hear about. Imagine how many more have gone on, and continue to do so, undetected.

 

[mlawson71]

And to think...These are just the ones we hear about. Imagine how many more have gone on, and continue to do so, undetected.

This is my first thought when I read about Ponzi scams, to be honest. How many others, and how many victims are out there.

 

[zdreg]

nothing new here. SEC has a well deserved reputation for closing the barn door after the horse has escaped.

 

[MoreLeverage]

Is it just me, or is Boca Raton home to a lot of this kind of sleaze?

 

[lawrence-lugar]

Is it just me, or is Boca Raton home to a lot of this kind of sleaze?

Enough is never enough; Sitting on your laurels or being presently content is boring.
Successful people always continue to dream and scheme of new endeavors.