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L.A. developer of celebrity real estate arrested in alleged $1.3-billion Ponzi scam

The head of a Sherman Oaks firm accused of bilking thousands of investors in a $1.3-billion Ponzi scheme was arrested Thursday along with two associates on federal criminal charges.

Robert Shapiro, 61, the owner of the Woodbridge Group of Cos., and two other company executives were accused of conspiracy...



from latimes.com - Los Angeles Times http://www.latimes.com/business/la-fi-shapiro-woodbridge-ponzi-arrested-20190411-story.html>
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