{"id":6246,"date":"2018-04-28T20:59:39","date_gmt":"2018-04-28T20:59:39","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6246"},"modified":"2022-05-19T12:07:39","modified_gmt":"2022-05-19T17:07:39","slug":"woodbridge-ponzi-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/woodbridge-ponzi-scam\/","title":{"rendered":"JB FINANCIAL RESOURCES ORDERED TO PAY $750K OVER $1.2B WOODBRIDGE PONZI SCAM"},"content":{"rendered":"

\t\t\t\tAccording to New Jersey\u2019s Attorney General\u2019s Office and Division of Consumer Affairs, JB Financial Resources and its owner Jeffrey Mitchell Isaacs must pay a $750K for allegedly selling NJ investors over $7M in unregistered securities<\/a> connected to the $1.2B Woodbridge Ponzi Scam. More than 8,500 people are said to have been defrauded nationally in that scheme before its demise last year.<\/p>\n

The state of New Jersey contends that JB Financial Resources and Isaacs sold about 88 unregistered securities on behalf of the Woodbridge Group of Companies. Isaac\u2019s other entity, JMI Associates\u00a0 LLC, is also accused of promoting and selling unregistered investments, including first position commercial mortgage securities (FPCMs) \u00a0tied to Woodbridge in NJ.<\/p>\n

Marketing collateral touted the unregistered securities as a \u201cunique lending opportunity.\u201d Sale proceeds would reportedly be used by the Woodbridge Funds to issue commercial loans to commercial borrowers. Instead, the FPCMs sold to NJ investors were not collateralized right away. In certain instances, borrowers did not get the loans for weeks or months after investors bought them.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

According to New Jersey\u2019s Attorney General\u2019s Office and Division of Consumer Affairs, JB Financial Resources and its owner Jeffrey Mitchell Isaacs must pay a $750K for allegedly selling NJ investors over $7M in unregistered securities connected to the $1.2B Woodbridge Ponzi Scam. More than 8,500 people are said to have been defrauded nationally in that […]<\/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":[4090,3792],"tags":[3053,3054,3055],"class_list":["post-6246","post","type-post","status-publish","format-standard","hentry","category-jb-financial","category-ponzi-scams","tag-jb-financial","tag-ponzi-scams","tag-woodbridge-ponzi-scam"],"yoast_head":"\nJB FINANCIAL RESOURCES ORDERED TO PAY $750K OVER $1.2B WOODBRIDGE PONZI SCAM | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"JB Financial Resources was ordered by the SEC to pay for its unregistered securities that are connected to the $1.2 billion Woodbridge ponzi scam. 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