United Development Funding
Alleged Ponzi Scheme - Call (713) 621-7944 Today
Did you invest money with Dallas-based institution United Development Funding (UDF)? UDF is a series of Real Estate Investment Trusts (REIT) that are now facing accusations of operating a Ponzi-like scheme. UDF is accused of using new investor capital to provide liquidity to earlier offerings, in essence paying previous investors with new investor money in Ponzi-like fashion.
UDF has denied the allegations, but revealed that the Securities and Exchange Commission (SEC) has been conducting a non-public fact-finding investigation of the company since April 2014. UDF’s statement regarding the allegations can be found by clicking here.
Our securities fraud attorneys at Fleming | Nolen | Jez, L.L.P. are investigating claims against United Development Funding. We are dedicated to determine whether or not the company is deceiving investors. We are dedicated to protecting investors from potential losses.
Don't hesitate to reach out to us if you have invested with United Development Funding and have lost money or are otherwise concerned about your investment. We're here to help you.