#Woodbridge Mortgage Investment Fund 3

[rexsecuritieslaw]

Donna Barnard-Former Signal Securities Broker-Subject of Woodbridge Mortgage Suit-Kilgore, TX

Donna Barnard-Former Signal Securities Broker-Subject of Woodbridge Mortgage Suit-Kilgore, TX

March 2018- Kilgore, TX The FINRA records of  Donna L. Barnard ,  a  stock broker formerly employed by HD Vest Investment Services,  disclose  a  pending customer dispute involving Woodbridge Mortgage Investment Funds I and II. The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms…

[securitieslitgtr]

Woodbridge Bankruptcy

Woodbridge Bankruptcy Fraud Investigation

Already under investigation by the SEC, the Woodbridge Group of Companies, a luxury real estate developer, missed payments on notes sold to investors and filed chapter 11 bankruptcy.

The Securities Lawyers at Peiffer Wolf Carr & Kane are aggressively investigating the recent Chapter 11 Bankruptcy of Woodbridge, specifically as it relates to numerous ongoing investigations by the Securities and Exchange Commission and numerous state-level securities regulators.

Woodbridge recently filed for Chapter 11 bankruptcy after missing payments on notes sold to investors. Specifically, Woodbridge investors were not paid their monthly dividends. Regulators are reportedly focusing their initial investigation on sales of Woodbridge investments by unlicensed investment professionals, as well as numerous others.

As reported in Bloomberg News and cited by Investment News, “[t]he company’s CEO, Robert Shapiro, resigned on Friday but will continue to work as a consultant to the firm, according to a company press release.”  Shockingly, he will continue to be paid a monthly fee of $175,000 for consulting. Additionally, Lawrence Perkins is now the company’s new Chief Restructuring Officer and Marc Beilinson is the new Independent Manager.

Peiffer Wolf Carr & Kane’s investment fraud lawyers, lead by Joe Peiffer and Jason Kane, have been investigating Woodbridge, are in currently communicating with investors, are preparing to take action and seek compensation on behalf of Woodbridge Mortgage Fund investors who may have suffered losses.

Woodbridge investors who are concerned about their investments are encouraged to contact the investment fraud attorneys at Peiffer Wolf Carr & Kane for a FREE Consultation by filling out a contact form on this website or by calling 585-310-5140. We can discuss your current circumstances and explore your potential legal options

ATTENTION INVESTORS: Woodbridge Mortgage Fund Investigation

If you are have invested in Woodbridge Wealth or in any of the Woodbridge Mortgage Funds, we may be able to help you fight for recovery of any losses and possibly secure additional compensation.

According to a recent lawsuit filed by the Securities and Exchange Commission, the SEC is currently investigating the offer and sale of unregistered securities, the sale of securities by unregistered brokers, and the commission of fraud in connection with the offer, purchase, and sale of securities.

According to court filings, Woodbridge has raised more than $1 Billion from thousands of investors around the country through multiple investment offerings.

Woodbridge Funds is no stranger to regulatory issues and investigations; according to a Massachusetts enforcement action, “the Woodbridge Funds are commercial lenders that make hard-money loans secured by commercial property.” The Woodbridge Funds raise money from investors to help fund the hard-money loans. The Woodbridge Companies refer to these investments as First Position Commercial Mortgages (“FPCM”).

The Woodbridge Funds advertise that their management teams’ substantial experience lets them maintain a successful lending model and find lending opportunities that are favorable for investors. Investors do not have any role other than providing money. Additionally, the Woodbridge Funds’ marketing materials state that the Woodbridge Funds are obligated to make payments to investors even if the underlying hard-money borrower defaults.

HOW TO PURSUE RECOVERY OF YOUR WOODBRIDGE MORTGAGE FUND INVESTMENTS.

Due to FPCMs involving risk typically to real estate investments, a Woodbridge Mortgage Fund Investor may need to pursue action against the Woodbridge Fund, the registered investment broker, and the third party hard-money borrower to recover losses.

Some Woodbridge Entities and Woodbridge Funds of note, include:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Do You Suspect that You Were a Victim of Woodbridge or the Woodbridge Mortgage Funds?

If you believe you were a victim of investment fraud or broker misconduct, it is imperative to take action. Peiffer Wolf Carr & Kane has represented thousands of victims, and we remain committed to fighting on behalf of investors.

Contact Peiffer Wolf Carr & Kane today by filling out a Contact Form on our website or by calling 585-310-5140 to schedule a FREE Case Evaluation.

Contact us and tell us about your case

We have represented thousands of victims of investment fraud, against financial institutions that failed to discharge their duties and protect the investing public. Each case is different and our past successes are not indicative of future results; we will be glad to review your case and advise you as to your options, at no charge.

We generally represent investors on a “contingency fee” basis, meaning we do not charge any legal fees unless and until we recover money for you. Our general practice is to advance the case costs on the client’s behalf and recoup them out of (and up to) the amounts recovered. A few jurisdictions (states) require the client to be responsible for the case costs; whenever that is the case we explain to the client what those costs entail.

If you believe you lost money because of investment fraud, it is important to take action. You may call at 585-310-5140, email us, or contact us by using the “Contact” form on this page, and tell us about your case. There is no charge for us to evaluate your case.

from Investment Fraud Lawyers | Investor Loss Recovery https://securitieslitigators.com/woodbridge-bankruptcy/

[mikednolan]

John Ernst Terminated Over Sale of Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) John Ernst (Ernst) appears to be an agent for Woodbridge fraudulent note sales.  Ernst was formerly associated with Foresters Equity Services, Inc. (Foresters Equity) out of the firm’s San Diego, California office location.  In November 2017 the State of Wisconsin opened an investigation into Ernst in connection with potential sales of Woodbridge promissory notes.  In addition, Foresters Equity terminated Ernst in February 2018 stating that he violated the firm’s policies and procedures by engaging in an undisclosed private securities transaction away from the broker dealer without approval.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Ernst, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Ernst entered the securities industry in 1989.  From January 2011 until March 2018 Ernst was associated with Foresters Equity.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/john-ernst-terminated-over-sale-of-fraudulent-woodbridge-mortgage-investments/

[rexsecuritieslaw]

Alan New-Former NY Life Broker-Subject of Multiple Suits Over Woodbridge Investments-Fort Wayne, IN

Alan New-Former NY Life Broker-Subject of Multiple Suits Over Woodbridge Investments-Fort Wayne, IN

September 2018- Fort Wayne, Indiana

The FINRA records of  Alan Harold New ,  a  former stock broker who is not currently registered and who was last employed by NYLife Securities ,  disclose  10 pending customer disputes involving the allegedly fraudulent Woodbridge Mortgage Investment Funds and Future Income Payments (FIP).

Total damages sought by these customers exceed $3 million.

Allegations…

[mikednolan]

Joel Flaningan Terminated Over Sale of Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) Joel Flaningan (Flaningan) appears to be an agent for Woodbridge fraudulent note sales.  Flaningan was formerly associated with NYLife Securities LLC (NYLife Securities) out of the firm’s Fort Wayne, Indiana office location.  In April 2018 a customer filed a complaint alleging $65,000 in damages resulting form the sale of Woodbridge promissory notes.  Thereafter, NYLife Securities terminated Flaningan in May 2018 stating that he violated the firm’s policies and procedures by engaging in an undisclosed private securities transaction away from the broker dealer without approval.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Flaningan, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Flaningan entered the securities industry in 2010 and has been associated with NYLife Securities until his termination in May 2018.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/joel-flaningan-terminated-over-sale-of-fraudulent-woodbridge-mortgage-investments/

[mikednolan]

Synery Investment Advisor Alan New Accused of Selling Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) Alan New (New) appears to be an agent for Woodbridge fraudulent note sales.  New was formerly associated with NYLife Securities LLC (NYLife Securities) out of the firm’s Fort Wayne, Indiana office location and is currently still registered with advisory firm Synery Investment Services LLC.  At least six customers have accused New of selling them the fraudulent Woodbridge investment.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like New, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

New entered the securities industry in 1999.  From June 2004 until August 2016 New was associated with NYLife Securities.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/synery-investment-advisor-alan-new-accused-of-selling-fraudulent-woodbridge-mortgage-investments/

[mikednolan]

David Scholl Sanctioned Over Sale of Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) David Scholl (Scholl) appears to be an agent for Woodbridge fraudulent note sales.  Scholl was formerly associated with Planmember Securities Corporation (Planmember) out of the firm’s Grand Rapids, Michigan office location.  In December 2013, Scholl resigned from Planmember after the firm discovered his involvement with Woodbridge Mortgage.  Thereafter, the State of Michigan Sanctioned Scholl finding that Scholl sold 43 Woodbridge securities in the State of Michigan which were not federally covered, exempt from registration, or registered, in violation of the securities laws.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Scholl, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Scholl entered the securities industry in 1992.  From December 2009 until January 2011 Scholl was associated with LPL Financial LLC.  From Feburayr 2011 until December 2013 Scholl was registered with Planmember out of the firm’s Grand Rapids, Michigan office location.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/david-scholl-sanctioned-over-sale-of-fraudulent-woodbridge-mortgage-investments/

[mikednolan]

Customers Allege Jerry Raines Recommended Investments in the Woodbridge Mortgage Fruad

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

One of Woodbridge’s agents was Jerry Raines (Raines) formerly associated with HD Vest Investment Services (HD Vest).  A dozen clients have alleged that Raines recommended Woodbridge causing a near complete loss of their investments.  Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Raines, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Raines entered the securities industry in 2004.  From April 2013 until June 2014 Raines was associated with Signal Securities, Inc.  From August 2014 until May 2017 Raines was associated with HD Vest out of the firm’s Kilgore, Texas office location.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/2018/07/20/customers-allege-jerry-raines-recommended-investments-in-the-woodbridge-mortgage-fruad/

[mikednolan]

Robin Reading Sanctioned Over Sale of Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) Robin “Rob” Reading (Reading) appears to be an agent for Woodbridge fraudulent note sales.  Reading was formerly associated with Sigma Financial Corporation (Sigma) out of the firm’s Highland, Michigan office location.  Thereafter, Reading was a registered advisor with Emerald Blue Advisors and Gradient Advisors, LLC.

The State of Michigan sanctioned Reading finding that Reading offered or sold eight Woodbridge securities in the State of Michigan which were not federally covered, exempt from registration, or registered, in violation of the securities laws.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Reading, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/2018/07/13/robin-reading-sanctioned-over-sale-of-fraudulent-woodbridge-mortgage-investments/

[mikednolan]

Frank Dietrich Terminated Over Sale of Fraudulent Woodbridge Mortgage Investments

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) Frank Dietrich (Dietrich) appears to be an agent for Woodbridge fraudulent note sales.  Dietrich was formerly associated with Quest Capital Strategies, Inc. (Quest Capital) out of the firm’s Lake Forest, California office location.  At least seven customers have accused Dietrich of selling them the fraudulent Woodbridge investment.  In addition, Qeust Capital terminated Dietrich in March 2018 for failing to disclose his involvement with Woodbridge.

Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Dietrich, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Dietrich entered the securities industry in 1994.  From March 2007 until March 2013 Dietrich was associated with Wunderlich Securities, Inc. Thereafter from March 2013 until April 2018 Dietrich was associated with Quest Capital out of the firm’s Lake Forest, California office location.

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/2018/07/05/frank-dietrich-terminated-over-sale-of-fraudulent-woodbridge-mortgage-investments/

[mikednolan]

Dee Dee Brooks Resigns During Woodbridge Mortgage Fraud Investigation

The law offices of Gana Weinstein LLP continue to investigate the Woodbridge Group of Companies and the Woodbridge Mortgage Funds (Woodbridge).  The Securities and Exchange Commission (SEC) has alleged that the Woodbridge operated a billion-dollar Ponzi scheme ensnaring about 8,400 investors. Woodbridge solicited hundreds of disreputable insurance agents and investment brokers to sell its false notes that the firm claimed to be backed by mortgages.  In plain sight to regulators, Woodbridge engaged in a nationwide investment fraud by offering the sale of unregistered securities.

One of Woodbridge’s agents appears to be Dee Dee Brooks (Brooks) formerly associated with Signator Investors, Inc. (Signator Investors).  In June 2018 Brooks resigned from Signator Investors while under investigation concerning her involvement with the sale of unregistered securities.  Brooks also operated an insurance company called Surf City Insurance Services, Inc. (Surf City) which may have been used by Brooks to conceal investments.  Federal securities laws and the FINRA rules require firms to monitor and supervise its employees, like Brooks, in order to detect and prevent brokers from offering investments in this fashion.  In order to properly supervise their brokers each firm is required to have procedures in order to monitor the activities of each advisor’s activities and interaction with the public.  Supervisory failures allow brokers to engage in unsupervised misconduct that can include all manner improper conduct including recommending fraudulent investments.

The signs that the Woodbridge Funds was a giant fraud debacle ware all apparent.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.  On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Brooks entered the securities industry in 1995.  From April 2009 until July 2015 Brooks was associated with SCF Securities, Inc.  From July 2015 until June 2018 Brooks was associated with Signator Investors out of the firm’s Huntington Beach, California office location.

While the SEC has spent years investigating Woodbridge, the firm continued to raise millions of dollars from investors. Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses are encouraged to contact us at (800) 810-4262 for consultation.  Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana Weinstein LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/2018/06/28/dee-dee-brooks-resigns-during-woodbridge-mortgage-fraud-investigation/

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Woodbridge Mortgage Fund – Gana LLP Investor Fraud Investigation

The law offices of Gana LLP are investigating Woodbridge Group of Companies and the investment funds it controls – a series of Woodbridge Mortgage Funds.  The Securities and Exchange Commission (SEC) has recently filed a case seeking documents in connection with its investigation of the Woodbridge Group of Companies for possible violations of the securities laws.  The California real estate and investment company has raised over $1 billion from investors under suspicious circumstances.  Namely that the firm is engaging in a nationwide investment fraud by offering the sale of unregistered securities through unregistered brokers.

The signs that the Woodbridge Funds are about to become a giant fraud debacle are all there.  Woodbridge and its agents have been sanctioned by multiple state regulators for offering unregistered securities.  Going back to May 2015, the Massachusetts Securities Division imposed a bar on the Woodbridge Mortgage Investment Funds and ordered the companies to permanently cease and desist from selling unregistered or non-exempt securities in the Commonwealth of Massachusetts.

Thereafter, on July 17, 2015, the Texas State Securities Board issued an emergency cease and desist order against Woodbridge Fund 3, the firm’s owner Robert Shapiro (Shapiro), and other parties and ordered them to stop engaging in fraud in connection with the sale of securities in the state of Texas.

On October 4, 2016 the state of Arizona filed a complaint against Woodbridge entities for selling unregistered securities through unregistered brokers.  In December 2016, Woodbridge entities and individuals were sanctioned by the state of Arizona.

Recently, the state of Colorado has opened an investigation into Colorado based Woodbridge salesmen including James Campbell, who owns Campbell Financial Group in Woodland Park, and Timothy McGuire of Highlands Ranch.  Woodbridge has raised $57 million from 450 Colorado investors and continues to solicit investors through online and radio advertising.

The sprawling investigation is digging up a network of both licensed and unlicensed brokers selling Woodbridge to investors.  According to court documents, William M. Holliday is registered with the advisory firm AlO Financial, LLC and sold Woodbridge Funds to investors.  In May 2016, the Financial Industry Regulatory Authority (FINRA) suspended broker Frank Capuano who was registered with Royal Alliance Associates in Holyoke, MA.  Capuano was alleged to have sold over $1,000,000 of the private notes to Royal Alliance customers and received over $30,000 in commissions.  In addition, Elizabeth J. Haskell operating under the Iron Will Advisory Group had a complaint filed against her by the Commonwealth of Pennsylvania for selling Woodbridge to a client.

While the SEC has spent the past year investigating Woodbridge, the firm continues to raise millions of dollars from investors.

Some of the Woodbridge entities or Woodbridge Funds include the following:

WMF Management, LLC

Woodbridge Group of Companies, LLC

Woodbridge Mortgage Investment Fund 1, LLC

Woodbridge Mortgage Investment Fund 2, LLC

Woodbridge Mortgage Investment Fund 3, LLC

Woodbridge Mortgage Investment Fund PA, LLC

Woodbridge Group of Companies, LLC (DBA Woodbridge Wealth)

Investors who have suffered losses may be able recover their losses through securities arbitration.  The attorneys at Gana LLP are experienced in representing investors in cases of investment fraud and brokerage firms failure to supervise their representatives.  Our consultations are free of charge and the firm is only compensated if you recover.

from Securities Fraud https://www.securitieslawyersblog.com/2017/11/04/woodbridge-mortgage-fund-gana-llp-investor-fraud-investigation/