Woodbridge investor to face $ 37 million clawback in bankruptcy


By Leslie Pappas (December 7, 2021, 4:15 p.m. EST) – Trustee seeking to recoup ill-gotten gains from $ 1.2 billion Ponzi scheme that drove Woodbridge Group of Companies LLC into bankruptcy may claim 37 million more dollars to an investor in light of new fraud allegations he was aware of, a Delaware bankruptcy judge has ruled.

Liquidation Trustee Michael Goldberg may amend his lawsuit against Woodbridge Group investor Kenneth Halbert to include principal in addition to interest on his investment, Delaware District Bankruptcy Judge J. Kate Stickles said on Monday in a memorandum notice.

The new evidence presented to the court in connection with the …

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