Receiver In $136M EB-5 Fraud Suit Blasts Developer's 'Sniping'

Law360, New York (March 18, 2016, 8:26 PM EDT) -- The receiver in a $136 million EB-5 fraud case brought by the U.S. Securities and Exchange Commission asked a Washington, D.C., federal judge not to speed up the development of a mixed-use project Thursday, slamming a real estate developer's "sniping and rhetoric" and arguing that the developer underestimates the time and work required to finish it.

Receiver Michael A. Grassmueck said the that timetable he suggested and the proposed expansion of a construction and development consultant's responsibilities are necessary for the completion of the Everett Farmers Market mixed-use project in Washington, the Thursday reply said. Developer Lobsang Dargey, who was accused...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!