February 13, 2020
The U.S. Securities and Exchange Commission reached a $4.1 million settlement with a California real estate developer accused of defrauding mostly Chinese investors seeking EB-5 visas.
January 23, 2019
A California federal judge on Wednesday rejected a real estate developer's attempt to escape U.S. Securities and Exchange Commission allegations that he and others defrauded mostly Chinese investors of $9.5 million by convincing them to invest in projects in return for promises of EB-5 visas.
November 27, 2018
A California real estate developer asked a federal court on Monday to toss allegations by the U.S. Securities and Exchange Commission that he was involved in a scheme to defraud Chinese investors out of $9.5 million through the EB-5 visa program.
November 06, 2018
Two more individuals — a real estate developer and an attorney — have been brought up on civil charges in California federal court for allegedly defrauding 135 immigrant investors out of at least $9.5 million through the EB-5 visa program, the U.S. Securities and Exchange Commission said Tuesday.