SEC says L.A. developer who bought celebrity real estate ran $1 … – Los Angeles Times


Los Angeles Times

SEC says L.A. developer who bought celebrity real estate ran $1 …
Los Angeles Times
L.A. developer Robert H. Shapiro's Woodbridge bought and flipped high-end houses, but the SEC says his business was a scam that bilked small-time investors, paying promised returns to previous investors with cash from new ones — the very definition of
SEC Accuses Real Estate Investment Firm of Swindling ThousandsCourthouse News Service

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