{"id":6420,"date":"2018-09-05T19:02:34","date_gmt":"2018-09-05T19:02:34","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6420"},"modified":"2018-09-05T19:02:34","modified_gmt":"2018-09-05T19:02:34","slug":"investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/","title":{"rendered":"Investors Bilked in $1.2B Woodbridge Ponzi Scam Must Pay 16% to Borrow on What They Are Owed"},"content":{"rendered":"<p>\t\t\t\tIt wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B <a href=\"https:\/\/www.investorlawyers.com\">Woodbridge Ponzi scam<\/a>. Now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated but they must pay a 16% interest rate to do so.<\/p>\n<p>While the rate isn\u2019t necessarily wrong or unfair on the part of hedge fund lender Axar Capital Management\u2014it was the investors that went to the Delaware Bankruptcy court seeking a $215M loan facility so that they could access their funds until Woodbridge\u2019s bankruptcy proceedings are settled\u2014the rate is still a steep sum considering that they thought that their investments would garner an approximately 8% return.<\/p>\n<h2><strong>SEC Goes After Woodbridge <\/strong><\/h2>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/\"  title=\"Continue Reading Investors Bilked in $1.2B Woodbridge Ponzi Scam Must Pay 16% to Borrow on What They Are Owed\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam. Now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated but they must pay a 16% interest rate to do [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792,4106],"tags":[3043,2914],"class_list":["post-6420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ponzi-scams","category-woodbridge","tag-ponzi-scheme","tag-woodbridge"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>$1.2B Woodbridge Ponzi Scam Victims Charged 16% to Recover Assets | Investor Lawyers Blog<\/title>\n<meta name=\"description\" content=\"If it wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam, now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated.\" \/>\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\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"$1.2B Woodbridge Ponzi Scam Victims Charged 16% to Recover Assets | Investor Lawyers Blog\" \/>\n<meta name=\"twitter:description\" content=\"If it wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam, now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"$1.2B Woodbridge Ponzi Scam Victims Charged 16% to Recover Assets | Investor Lawyers Blog","description":"If it wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam, now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/","twitter_card":"summary_large_image","twitter_title":"$1.2B Woodbridge Ponzi Scam Victims Charged 16% to Recover Assets | Investor Lawyers Blog","twitter_description":"If it wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam, now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Investors Bilked in $1.2B Woodbridge Ponzi Scam Must Pay 16% to Borrow on What They Are Owed","datePublished":"2018-09-05T19:02:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/"},"wordCount":466,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","keywords":["Ponzi Scheme","Woodbridge"],"articleSection":["Ponzi Scams","Woodbridge"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/","url":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/","name":"$1.2B Woodbridge Ponzi Scam Victims Charged 16% to Recover Assets | Investor Lawyers Blog","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","datePublished":"2018-09-05T19:02:34+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"If it wasn\u2019t bad enough that over 10,000 investors, many of them retirees and other retail investors, were bilked in the $1.2B Woodbridge Ponzi scam, now, they are allowed to borrow against what they hope to recover after the bankrupt real estate developer\u2019s assets are liquidated.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","width":2000,"height":1500,"caption":"fraud"},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/investors-bilked-in-1-2b-woodbridge-ponzi-scam-must-pay-16-to-borrow-on-what-they-are-owed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Investors Bilked in $1.2B Woodbridge Ponzi Scam Must Pay 16% to Borrow on What They Are Owed"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.5.18.jpeg","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1Fy","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=6420"}],"version-history":[{"count":0,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/6420\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media\/6445"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=6420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=6420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=6420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}