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United Development Funding Accused of Ponzi Scheme

December 11, 2015 · FLEMING | NOLEN | JEZ, L.L.P.

Our securities fraud lawyers at Fleming | Nolen | Jez, L.L.P. have learned that accusations have been made against Dallas-based United Development Funding (UDF), a Real Estate Investment Trust (REIT), for running a Ponzi scheme. According to the accusations, the umbrella of UDF operates with characteristics similar to a Ponzi scheme. They allegedly exhibit the following characteristics: New equity and…
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