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Articles Tagged with woodbridge group of companies

Scott L. Silver, managing partner of the Silver Law Group, was interviewed by South Florida’s Local 10 ABC news station concerning the Woodbridge Group of Companies investment fraud. Scott Silver is one of the nation’s leading experts on Ponzi schemes and has represented victims in many of the country’s largest investment frauds, including Madoff, Rothstein and Stanford.

Woodbridge and its affiliated companies have been heavily-featured in the news since the SEC brought fraud charges against the Woodbridge companies in December 2017.  Since the SEC filings, news outlets have placed greater scrutiny on the individual “brokers” who sold the investments.

Silver has been representing investors who have been victims of investment fraud, Ponzi schemes and the like for over 20 years. Due to his experience, Channel 10 investigative reporter Bob Norman interviewed Scott concerning the Woodbridge fraud and the selling dealers.

Silver Law Group is investigating claims related to Barry Kornfeld and First Financial Tax Group for the sale of investment products issued by the Woodbridge Group of Companies as safe alternatives for income seeking retirees.

Barry Kornfeld (“Kornfeld”) is the owner of First Financial Tax Group in Boca Raton, FL and teaches Baby Boomer Retirement Courses at Florida Atlantic University. Kornfeld is alleged to have sold short-term mortgage notes issued by the Woodbridge Group of Companies (“Woodbridge”) to retirees seeking safe, conservative, income alternatives. Barry Kornfeld was barred in July 2010 by both the U.S. Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) from acting as a broker or investment adviser or otherwise associating with firms that sell securities or provide investment advice to the public.

Woodbridge is currently the subject of a SEC probe for the possible fraudulent sale of securities to investors. Woodbridge filed for Chapter 11 bankruptcy today citing costs of expansion, litigation, and a government fraud investigation as the reason. According to Woodbridge Wealth’s website, Woodbridge offers First Position Commercial Mortgages, Secondary Market Annuities and a Commercial Bridge Loan Fund. Woodbridge has reportedly raised approximately 1 billion dollars from investors around the country through agents such as Barry Kornfeld and First Financial Tax Group.

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