Dimond Kaplan & Rothstein represents investors who have lost money in United Development Funding (UDF) investments as a result of UDF Fraud. UDF is a real estate investment company that purported to invest in real estate projects mostly in Texas. The FBI recently raided UDF’s office and the SEC is investigating UDF for possible Ponzi scheme activity.

UDF is accused of using newer investors’ money to fund earlier UDF companies. Such funding would have allowed the older UDF entities to pay supposed investment returns to earlier investors.  But many of UDF’s purported development sites, which serve as collateral to UDF development loans, continue to be undeveloped land many years after loans were issued. UDF’s share prices have dropped significantly in value after the FBI’s and SEC’s investigations were announced.

Contact Us Today

DKR is pursuing FINRA arbitration claims against brokerage firm that sold United Development Funding investments for, among other things, failing to perform adequate due diligence on UDF before recommending and selling UDF to investors.

If you suffered losses from United Development Funding investments, contact a DKR stockbroker negligence lawyer for a free case evaluation. The attorneys at Dimond Kaplan & Rothstein, P.A. have recovered more than $100 million from banks and brokerage firms for their wrongful actions. Contact us to schedule an appointment or consultation today.

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Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
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14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182