{"id":1789,"date":"2016-02-08T20:25:04","date_gmt":"2016-02-08T20:25:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2016\/02\/texas_hedge_fund_manager_accus_1"},"modified":"2022-04-04T12:45:09","modified_gmt":"2022-04-04T17:45:09","slug":"texas-hedge-fund-manager-accus-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-hedge-fund-manager-accus-1\/","title":{"rendered":"Texas Hedge Fund Manager Accuses United Development Funding IV of Ponzi Scam"},"content":{"rendered":"

J. Kyle Bass, the hedge fund manager who runs the Dallas-based Hayman Capital, has set up a website accusing Texas-based REIT United Development Funding IV <\/a>of running a Ponzi-like real estate scam<\/a>. On the site, Bass published a letter to readers, claiming that his firm had conducted research and found that the nontraded real estate investment trust displayed characteristics in line with a billion-dollar Ponzi scheme.<\/p>\n

Bass contends that UDF used money from a public affiliate to rescue its first fund. According to Business Insider<\/em>, Bass also claims that UDF management has been distorting its poor track record and the financial state of its affiliates going as far back as the financial crisis. He alleges that UDF has been taking advantage of retail investors and using UDF- controlled entities and real estate backed loans to conceal the fact that new investors money is b used to pay existing investors.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

J. Kyle Bass, the hedge fund manager who runs the Dallas-based Hayman Capital, has set up a website accusing Texas-based REIT United Development Funding IV of running a Ponzi-like real estate scam. On the site, Bass published a letter to readers, claiming that his firm had conducted research and found that the nontraded real estate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4014,3759,3750],"tags":[3564],"class_list":["post-1789","post","type-post","status-publish","format-standard","hentry","category-non-traded-reits","category-reits","category-texas-securities-fraud","tag-united-development-funding-iv"],"yoast_head":"\nTexas Hedge Fund Manager Accuses United Development Funding IV of Ponzi Scam — Investor Lawyers Blog — February 8, 2016<\/title>\n<meta name=\"description\" content=\"J. Kyle Bass, the hedge fund manager who runs the Dallas-based Hayman Capital, has set up a website accusing Texas-based REIT United Development Funding — February 8, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/texas-hedge-fund-manager-accus-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Texas Hedge Fund Manager Accuses United Development Funding IV of Ponzi Scam — Investor Lawyers Blog — February 8, 2016\" \/>\n<meta name=\"twitter:description\" content=\"J. 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