FBI Agents Raid A Texas Housing Financial Firm Accused Of Fraud - Newsy

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A housing development firm in Grapevine, Texas, was visited by FBI agents Thursday after being accused of operating as a Ponzi scheme.

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Sources:

KXAS

http://www.nbcdfw.com/news/business/FBI-Raids-Large-Housing-Financial-Firm-in-Grapevine-369296121.html

UDFExposed

https://udfexposed.com/

United Development Funding

http://www.udfonline.com/

U.S. Securities and Exchange Commission

https://www.sec.gov/Archives/edgar/data/1440292/000114420415070612/v426846_ex99-1.htm

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Getty Images / Brian Harkin

http://www.gettyimages.com/license/72593754

Channel:  Newsy
Topics:  Society