Robert Shapiro of Woodbridge Realty of Colorado/courtesy photo
Robert Shapiro was accused of fleecing 9,000 investors with a promise of profits on real estate loans, and seniors contributed about $400 million in retirement savings.
October 15, 2019 at 06:06 PM
1 minute read
South Florida real estate reporter
A California executive who splurged on charter flights and luxury cars was sentenced to 25 years for masterminding a $1.3 billion Ponzi scheme tied to real estate offerings that bankrolled his lavish lifestyle.
Robert Shapiro, 61, was sentenced Tuesday to the maximum term by U.S. District Judge Cecilia Altonaga on a mail and wire fraud conspiracy and income tax evasion counts.
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