WOODBRIDGE GROUP OF COMPANIES, LLC

Case Highlights

• Conducted forensic accounting to confirm all historical financial activity
• Reconciled over 8,000 claims and assisted with objections to disputed claims
• Assisted with the recovery and sale of over 250 properties
• Managed bankruptcy reporting for over 300 debtors
• Provided litigation support for approximately 500 actions

Case Narrative

Woodbridge was a massive Ponzi scheme raising more than $1.2 billion from approximately 10,000 unsuspecting investors nationwide. Through over 300 debtor affiliates, Woodbridge operated a real estate acquisition and development business with over 350 employees in 6 states and owned over 250 residential properties ranging in value from $50K to over $100M with an estimated total value of $750M.

DSI was retained as Chief Restructuring Officer in February 2018 and, with the assistance of DSI professionals, managed all bankruptcy reporting for over 300 debtors, conducted forensic accounting to confirm all historical financial activity, reconciled over 8,000 claims, and assisted with the recovery and sale of over 250 properties.

Since the effectiveness of the plan of liquidation in 2019, DSI, as financial advisors to the liquidation trust, continued to assist with the liquidation of the real property portfolio, provided support for the causes of action against approximately 500 parties, assisted with resolutions of disputed claims filed against the debtors, and assisted with distributions to creditors totaling over $400 million.