United Development Funding: A Ponzi Dependent On Debt?Rupert Hargreaves
United Development Funding: A Ponzi Dependent On Debt?
Note: This is part I we have more to say and will be providing a part II
Non-traded REITs have become popular with investors over the past ten years as they promise high returns from real estate in an era when most banks are offering 0% interest on savings.
However, non-traded REITs have also have attracted plenty of criticism for their opaque nature, illiquidity and high fees.
The SEC is . . .
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