A federal judge ordered a luxury real estate developer and his investment firm to pay $1 billion in penalties and forfeited profits for operating an alleged Ponzi scheme that swindled thousands of mostly elderly investors.
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Woodbridge Group ordered to pay $1 billion for Ponzi scheme that victimized seniors
A federal judge ordered a luxury real estate developer and his investment firm to pay $1 billion in penalties and forfeited profits for operating an alleged Ponzi scheme that swindled thousands of mostly elderly investors.
