The Alleged $1.2 Billion Ponzi Scheme Sapping L.A.’s Trophy-Home Market - News Summed Up

The Alleged $1.2 Billion Ponzi Scheme Sapping L.A.’s Trophy-Home Market


About a year later, the company put the property back on the market for $180 million. Photo: PictometryThe plans for the spec house on Stradella Court, seen here in a rendering, called for a house with six bedrooms, a wellness center and two infinity-edge pools. Woodbridge purchased a nearly 2-acre site on Bel-Air’s Stradella Road for $36 million. Photo: PictometryIn 2017, the company bought 1 Electra Court, an 8-acre property owned by Ms. Ellison, for $35.35 million, according to public records. Photo: PictometryFor the Sarbonne Road site, Woodbridge attached plans for a 10,000-square-foot home, seen here in a rendering.


Source: Wall Street Journal February 23, 2018 19:41 UTC



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