The Federal Bureau of Investigation raided the office of United Development Funding on February 18, 2016. According to reports, a number of computers and documents were taken from the scene. The Peiffer Wolf securities attorneys Jason kane and Joe Peiffer are investigating the matter.

The FBI raid comes after United Development Funding disclosed that it was part of a Securities and Exchange Commission investigation that started April 2014. Recently, hedge fund manager Kyle Bass has been launched to share his belief that United Development Funding is running a “Ponzi-like” real estate investment scheme.

The Peiffer Wolf securities lawyers have started to take action on behalf of their clients who invested in United Development Funding and have lost money as a result of their investments. Unlike other law firms, we are seeking to assist United Development Funding investors who invested before 2014 in addition to some investors who invested in 2014 and later. The Peiffer Wolf investor rights lawyers take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of alleged Ponzi schemes may contact the investor rights lawyers at Peiffer Wolf , Jason kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 216-589-9280.