DBJ: “Former director of UDF fund says money transfer shouldn’t have occurred”

Posted January 19, 2022

“Shifting money from one investment fund to another within the same family of funds in order to pay distributions to investors isn’t proper, a former director of embattled United Development Funding testified Friday in the trial of four top company executives charged with securities fraud and conspiracy.”

DBJ: “United Development Funding auditor: ‘I had a number of questions’ that went unanswered”

Posted January 18, 2022

"Government prosecutors attempting to send four executives of a North Texas-based real estate investment trust to prison called witnesses Thursday to build their case that transfers between the REIT’s funds are illegal."

Fed Judge Jordan dismisses UDF’s frivolous lawsuit against Federal Officials (US Attorneys, FBI)

Posted December 29, 2021

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