Coral Mortgage Bankers Corporation, Woodbury Financial Services Inc
Joshua Gould, David Rubin
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Coral Mortgage Bankers Corporation, Woodbury Financial Services Inc
- Industry
- Purported collateral/operating-capital deposits for a mortgage firm
- How investors were recruited
- Gould, a stockbroker, solicited clients of the Spetner & Associates insurance agency to move their portfolios and retirement accounts to him
- Pitch & red flags
- Funds would be "held in a secure trust account" as collateral for Coral's operations with regular interest payments; fake statements showing fund balances