Were You the Victim of a Real Estate Ponzi Scheme? The experienced Ponzi scheme attorneys at the Sonn Law Group are standing by, ready to help. Our team has successfully represented Ponzi scheme victims in the state of Florida, across the country and around the globe.
An inside look at why one Fed president voted not to raise interest rates The Fed Still Has Not Raised Interest Rates in 2016. The committee’s two-day meeting concluded with Fed officials voting to keep the U.S. central bank’s target range for the federal funds rate at 0.25 to 0.5 percent. The Fed has yet to raise interest rates in 2016, and there are only two FOMC meetings left before the end of the year.
However, the higher rewards come with a higher risk – for one, they are not covered by the Financial Services Compensation Scheme. Capital is also at. or mortgages for property development or.
SEC accuses Robert Shapiro of running $1.2 billion real estate ponzi scheme. SEC claims brothers targeted elderly with real estate Ponzi scheme. Ben Lane is the Managing Editor of HousingWire. In.
The SEC further alleges that Stanley pilfered from the estate of an elderly woman’s family trust, diverting nearly $100,000 to fund the lifepay ponzi scheme. The SEC’s complaint also alleges that, beginning in 2015, Stanley and Michael E. Watts ("Watts") orchestrated a second offering fraud through a company they controlled, SMDRE, LLC.
Black Knight targets smaller, mid-tier lenders with new Empower LOS platform Construction-lending software provider Built has announced an integration with Black Knight’s LoanSphere platform to capitalize on the growing demand in the construction lending market. With the.Affluent shoppers turn to ARMs to get low rates On a sunny Saturday afternoon, I stop by with Sean Basinski, director of the street vendor project, an arm. rates as high as $25,000 on the blackmarket. To make back their investment, many street.
The U.S. Securities and Exchange Commission charged real estate developers. was named in the claims. The SEC filing said Shapiro and Woodbridge defrauded more than 8,400 investors in a $1.2 billion.
W.H. adviser’s sister seeks Chinese investment for N.J. real estate project One such investor is Jenny. who has introduced legislation to end the program, has called EB-5 a "Ponzi scheme." Her.
FHFA: Freddie Mac will be first to use Common Securitization Platform This goal is part of broader efforts to build a Common Securitization Platform (CSP), and it supports FHFA ‘s statutory obligation to ensure that the Enterprises’ operations and activities foster liquidity in the. Can a Fannie Mae first-level security and a Freddie Mac first-level UMBS be.
Daniel Rivera and his brother, Matthew Rivera, were charged by the SEC with running ponzi scheme through a real estate venture called Robbins Lane. The Robbins Lane website recommended that investors sell their retirement assets to invest in the venture as the opportunity would give "the senior investor a guaranteed monthly income."
Ponzi schemes are not new, and they have been around since the early 20th century when its namesake, Charles Ponzi of Boston created a scheme that promised investors a hefty return on their investment in postal coupons. In his scheme, Ponzi was unable to pay investors who were looking for their guaranteed return.
On March 24, 2016, the Securities and Exchange Commission charged two brothers, and a company that they founded purportedly to develop and sell real estate, with engaging in a $2.7 million Ponzi scheme that targeted approximately 30, largely elderly and unsophisticated investors over a six-year period.