Action against Defendants, two former directors of investment at the Woodbridge Group of Companies LLC, for alleged fraud.  According to the SEC, Defendants, who were not registered with the SEC, fraudulently marketed securities in a $1.2 billion Ponzi scheme and misappropriated investor funds.  In January 2019, the Southern District of Florida ordered Woodbridge Group of Companies LLC and its owner to pay disgorgement of $892 million, among other remedies.  Defendant directors have been charged in parallel criminal cases.

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