SEC Renews EB-5 Investor Fraud Claims Against Chicago Atty
Law360 (May 14, 2019, 3:24 PM EDT) -- The U.S. Securities and Exchange Commission on Monday reignited its efforts to hold a Chicago-based immigration attorney and several of his businesses accountable for allegedly defrauding foreign investors seeking EB-5 visas, two months after a federal judge tossed the previous iteration of the suit.
In its second amended complaint, the agency once again accused Seyed Taher Kameli and his investment funds of misusing millions from immigrant investors who were told their money was going toward the development and construction of assisted living and memory care senior living projects in Illinois and Florida. The investors were trying to become permanent U.S. residents...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!