22 Jan UPDATE 1-Alleged Ponzi firm Woodbridge agrees with U.S. SEC on new board
WILMINGTON, Del., Jan 23 (Reuters) – Woodbridge Group of
Companies, a property company accused by the U.S. Securities and
Exchange Commission of being a huge Ponzi scheme, reached a deal
with the government on Tuesday to appoint a new board and to pay
for legal representation for thousands of alleged victims.
Companies, a property company accused by the U.S. Securities and
Exchange Commission of being a huge Ponzi scheme, reached a deal
with the government on Tuesday to appoint a new board and to pay
for legal representation for thousands of alleged victims.
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