SEC Says Ex-Oil Exec Can't Halt EB-5 Investor Fraud Case
By Kelly Knaub ( September 18, 2015, 8:05 PM EDT) -- The U.S. Securities and Exchange Commission urged a California federal court Thursday not to stay a civil action accusing oil explorer Luca International and former CEO Bingqing Yang of running a $68 million "Ponzi-like" scheme that targeted Chinese-Americans and Chinese nationals seeking green cards as EB-5 investors, saying her request is unwarranted....
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