https://www.retirementplanningscottsdale.com/2019/10/18/anil-vazirani-scottsdale-investment-advisor-blows-the-whistle-on-woodbridge-former-ceo-robert-shapiro-who-gets-25-years-in-prison-for-ponzi-scheme/ Anil Vazirani , Scottsdale Investment Advisor, blows the whistle on Woodbridge former CEO Robert Shapiro who gets 25 years in prison for Ponzi Scheme. Woodbridge Group of Companies’ former Chief Executive Officer Robert Shapiro was sentenced to 25 years in prison, the maximum, for a $1.3 billion fraud involving using funds from over 7000 retirees and losing money for other investors. He pleaded guilty to conspiracy and tax evasion in August 2019. Robert Shapiro claimed he’d get returns up to 10% from investments in loans to property developers. But instead, he used new dollars to repay earlier investors, and to buy homes and luxury items for he and his wife. From July 2012 until December 2017 he ran this fraud, then Woodbridge filed for Chapter 11 bankruptcy protection. To read more: https://onwallstreet.financial-planning.com/articles/former-woodbridge-group-ceo-gets-25-years-in-1-3-billion-fraud Anil Vazirani is president of Secured Financial Solutions, independent insurance advisor investment advisor rep with a fiduciary obligation and in the financial services industry since 1994. A+ rating with the Better Business Bureau for over a decade and a half, members in good standing with the National Association of Insurance and Financial Advisors. Dial 1-800-957-5604 x 200 and set up a complimentary strategy session to understand what your goals are, understand what objective you're trying to accomplish, your risk tolerance, and let us show you how to reduce your investment fees from stocks, bonds and mutual funds down to one point, or five percent when you work with our investment advisory platform. Dial 1-800-957-5604 x 200, and on the web at: DreamRetire.com
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