Cos. Can't Escape EB-5 Fraud Scheme Suit, Judge Rules

Law360, New York (May 16, 2017, 2:43 PM EDT) -- A California federal judge has denied a bid by two companies to ditch a U.S. Securities and Exchange Commission suit accusing a businessman of misappropriating funds raised through the EB-5 immigrant investor program, saying the SEC’s allegations also target the companies.

The SEC in January accused Thomas M. Henderson and companies under his control, including Comprehensive Care of California LLC and Comprehensive Care of Oakland LP, of mishandling at least $9.6 million in EB-5 investments for personal gain, such as purchasing a home and building two...
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