April 16, 2018

New Jersey announced that a New Brunswick man and his companies have been ordered to pay $750,000 for selling New Jersey investors more than $7 million worth of unregistered securities that were tied to an alleged $1.2 billion nationwide Ponzi scheme. Jeffrey Mitchell Isaacs, JB Financial Resources, and related entities sold the unregistered securities for the Woodbridge Group of Companies (“Woodbridge”), which has been charged by the U.S. Securities and Exchange Commission (“SEC”) with operating a Ponzi scheme that defrauded 8,400 investors across the country. NJ